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AO couldn’t complete assessment based on original return if revised return was filed before completion of assessment

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  • AO couldn’t complete assessment based on original return if revised return was filed before completion of assessment
Posted onon May 29, 2017

Tenet Tax Daily May 16 2017

By tenettax-team
Corporate Tax

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Cash seized from locker of wife, children added to assessee’s income as he failed to prove their earning capacity
Sec. 263 revision was valid if AO passed reassessment order without making proper inquiry: HC

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