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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - Manner of presentation of the corpus fund in ...

Income Tax

May 31, 2021

Revision u/s 263 - Manner of presentation of the corpus fund in the final accounts of the assessee - donation - where the A.O. has taken a broad view by accepting the issue of corpus donation by carefully examining and satisfying himself with evidences produced by the assessee during the course of hearing, then order of the A.O. cannot be held to be erroneous on the ground of lack of inquiry.- AT

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