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Income Tax - Highlights / Catch Notes

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Addition u/s 50C - reference to DVO - Word “assessable” has been ...

Income Tax

August 16, 2012

Addition u/s 50C - reference to DVO - Word “assessable” has been incorporated only w.e.f. 1.10.2009 (Finance Act 2009 w.e.f. 1.10.2009). The same cannot be made operative for earlier Assessment Years i.e. AY 2007-08 in hand. - AT

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