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Income Tax - Highlights / Catch Notes

Home Highlights February 2021 Year 2021 This

Revision u/s 263 - accrual of income - Decree recognized ...

Income Tax

February 9, 2021

Revision u/s 263 - accrual of income - Decree recognized interest on the decretal amount - AO has made specific inquiry and there was material on record before framing assessment order. - CIT was not justified in holding that the Assessing Officer has not made specific enquiries with regard to interest income. - AT

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