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Income Tax - Highlights / Catch Notes

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Reopening of assessment u/s 147 - Income escaping assessment - ...

Income Tax

November 27, 2019

Reopening of assessment u/s 147 - Income escaping assessment - the census figures for the year 2011 were made available only a few years later. The assessee could not have peeped into the future while submitting its return of income. - Proceedings quashed.

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