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Income Tax - Highlights / Catch Notes

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Reopening of assessment u/s 147 - assessee has availed cash loan ...

Case Laws     Income Tax

September 2, 2023

Reopening of assessment u/s 147 - assessee has availed cash loan - To test the correctness of the order, it is necessary that the disputed question of facts have to be thoroughly analyzed. There are several stake holders in the entire process which requires deeper probe into the matter and such an exercise cannot be done in exercise of writ jurisdiction. - Petition dismissed - HC

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