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Income Tax - Highlights / Catch Notes

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Revision u/s 263 by CIT - order of assessment indicate that the ...

Income Tax

May 10, 2019

Revision u/s 263 by CIT - order of assessment indicate that the AO has made enquiry on various issues and assessee submitted the details therefor - The enquiry pertained to the remuneration of the partners and the expenses/receipts - the nature of order does not bring within the purview of Section 263 as such order cannot be said to be “prejudicial to the interests of Revenue"

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