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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Validity of Revision of Income Tax Returns (ITR) after the ...

Income Tax

December 23, 2019

Validity of Revision of Income Tax Returns (ITR) after the expiry of the due date prescribed under Section 139(5) on account of the pendency of proceedings for amalgamation of the assessee companies with other companies - it is incumbent upon the Department to assess the total income of the successor in respect of the previous assessment year after the date of succession.

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