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Income Tax - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Revision u/s 263 - Estimation of bogus purchases - it is ...

Income Tax

December 1, 2022

Revision u/s 263 - Estimation of bogus purchases - it is incumbent upon the AO to inquire into the matter and take the proceedings to the logical end. Having not done so, PCIT was fully justified in exercising jurisdiction u/s 263 of the Act - HC

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