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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Reopening of assessment - validity of reasons to believe - AO ...

Income Tax

April 6, 2019

Reopening of assessment - validity of reasons to believe - AO has failed to refer to any tangible material coming to his knowledge - re-assessment proceedings were initiated on the ground that declaration of income from unsold flats by the assessee as ‘Income from house property’ was not correct - no merit in re-assessment proceedings

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