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Income Tax - Highlights / Catch Notes

Home Highlights March 2023 Year 2023 This

Reopening of assessment u/s 147 - Audit objection - change of ...

Income Tax

March 7, 2023

Reopening of assessment u/s 147 - Audit objection - change of opinion - Reason to believe - if the audit objection on factual issue and, where, the audit party has quantified escapement, then, definitely, it does not constitute information for reopening of assessment. - AT

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