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ITAT couldn’t adjudicate upon jurisdictional issue when it wasn’t raised before assessing authority

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  • ITAT couldn’t adjudicate upon jurisdictional issue when it wasn’t raised before assessing authority
Posted onon February 4, 2014

Tenet Tax Daily February 03 2014

By tenettax-team
Corporate Tax

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AO doesn’t have power to deny sec. 54F exemption while processing return under sec. 143(1)
No penalty for belated filing of tax audit report as it was caused due to delay in completion of statutory audit

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