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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Revision u/s 263 - payment of conversion charges and job charges ...

Income Tax

April 6, 2019

Revision u/s 263 - payment of conversion charges and job charges to related parties u/s 40A(2)(a) thoroughly examined by the AO - CIT had only tried to substitute his knowledge in technical aspect of the industry thereby trying to substitute his opinion on the impugned issue as against the opinion already framed by the AO - not permissible

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