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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - penny stock transactions - In the instant ...

Income Tax

November 25, 2022

Revision u/s 263 - penny stock transactions - In the instant case, there were three specific reasons for which the scrutiny was carried out but there is not a whisper by the AO in the assessment order about any of the issues even the one relating to suspicious transactions in penny stock companies. - Revision proceedings sustained - AT

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