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Income-tax additions merely on basis of a show-cause notice issued by Excise dept. was unjustified : HC

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  • Income-tax additions merely on basis of a show-cause notice issued by Excise dept. was unjustified : HC
Posted onon August 1, 2018

Tenet Tax Daily July 30 2018

By tenettax-team
Corporate Tax

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Profit from investment held as capital gains in earlier years can’t be treated differently in subsequent year
Admitting additional income in revised return after survey won’t preclude AO from levying penalty

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