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Assessment completed by issuing notice u/s 142(1) to be quashed: ITAT
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Corporate Tax
Assessment completed by issuing notice u/s 142(1) to be quashed: ITAT
Posted on
on
December 9, 2019
Tenet Tax Daily December 05 2019
By
tenettax-team
Corporate Tax
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Additions made by AO without verifying facts – matter set aside by ITAT
Concluding that money lending wasn’t principle business of assessee on the basis that majority of assessee’s funds were invested in shares held incorrect