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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Revision u/s 263 - expenditure related to the dividend income ...


High Court Rules Section 263 Revision Unwarranted; Dividend Income Expenditure Claim Deemed Debatable, Not "Unsustainable" Error.

September 23, 2012

Case Laws     Income Tax     HC

Revision u/s 263 - expenditure related to the dividend income claimed exempt u/s 10 (33) - the issue was debatable - even if it were not debatable, the error by the AO is not “unsustainable” - HC

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