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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Revision u/s 263 - exemption of the LTCG - CIT had not ...

Income Tax

July 3, 2019

Revision u/s 263 - exemption of the LTCG - CIT had not undertaken any such exercise reaching to the conclusion that the assessment order was erroneous and prejudicial to the interest of the Revenue - Tribunal recording finding of facts that AO, before allowing claim u/s 10(38) has conducted sufficient inquiry while quashing revision - no substantial questions of law arises

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