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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Deduction u/s 36(1)(viii) - banking company - when one of the ...


CIT cannot revise banking company's deduction u/s 36(1)(viii) as Assessing Officer's interpretation is valid.

August 9, 2012

Case Laws     Income Tax     AT

Deduction u/s 36(1)(viii) - banking company - when one of the possible views has been taken by the Assessing Officer, the CIT cannot exercise his jurisdiction u/s 263 on that aspect of the matter. - AT

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