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Income Tax - Highlights / Catch Notes

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Reopening of assessment - genuineness of the purchase ...

Income Tax

September 19, 2023

Reopening of assessment - genuineness of the purchase transactions - information was not supplied to the petitioner - Despite these documents having been placed by the petitioner/assessee before the AO, the AO concluded that the petitioner had nothing to submit by way of a proper explanation regarding the transactions in issue. - Mater restored back - HC

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