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Reassessment justified when assessee found to be involved in bogus share purchases: Madras HC
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Corporate Tax
Reassessment justified when assessee found to be involved in bogus share purchases: Madras HC
Posted on
on
August 8, 2017
Tenet Tax Daily July 21 2017
By
tenettax-team
Corporate Tax
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No business profits arose on sale of property just because property development objective was given in MOA of Co.
ITAT remanded matter to determine nature of payments made by assessee to NR entities
