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Income Tax - Highlights / Catch Notes

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Reopening of assessment u/s 148 - siphoning of profits of the ...

Income Tax

June 25, 2021

Reopening of assessment u/s 148 - siphoning of profits of the firm - Amply clear that the plea of the Revenue that though the commission was initially paid to the agents through banking channels, it was received back in cash to be paid to the doctors, falls to ground - AT

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