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Income couldn’t be said to have escaped if ledger found during search was already examined in regular assessment

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Posted onon June 9, 2017

Tenet Tax Daily June 08 2017

By tenettax-team
Corporate Tax

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ITAT remanded matter as assessee claimed that suo moto disallowance made u/s 14A was due to mistake
No reassessment after 4 years to treat slump sale otherwise if assessee had disclosed all facts during assessment

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