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Income Tax - Highlights / Catch Notes

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Scope of assessment under limited scrutiny - The issue in the ...

Income Tax

January 16, 2023

Scope of assessment under limited scrutiny - The issue in the present appeal is with respect to addition on account of capital gains from sale of immovable property. In our view, the AO was within his right to examine the issue before us and we do not find any fault on the part of Assessing Officer to deny the deduction in the case selected for limited scrutiny. - AT

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