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Income Tax - Highlights / Catch Notes

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Reopening of assessment - The assessment order makes it very ...

Income Tax

March 2, 2019

Reopening of assessment - The assessment order makes it very clear that reassessment proceedings by issuing notice u/s 148 were done merely on the basis of change of opinion. There was no tangible material to arrive at a conclusion that there was escapement of income by the assessment.

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