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AO has no jurisdiction when reasons for initiation of Reassessment proceedings cease to survive

December 27, 2018 1389 Views 0 comment Print

ITO Vs Aggregate Finance & Investment P. Ltd (ITAT Delhi) Be that as it may, as adverted to supra, the case of the Ld. AO while recording the reasons was that the assessee derived the income as a provider of bogus accommodation entries. However, the addition was made on account of receipt of share application […]

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