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Delhi High Court Quashes Income Tax Reassessment: No Evidence of Loan or Advance Transactions Found
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Delhi High Court Quashes Income Tax Reassessment: No Evidence of Loan or Advance Transactions Found

The Delhi High Court has quashed an income tax reassessment after finding no evidence of loan or advance transactions. The court held that reassessment under Sections 147 and 148 …

Delhi High Court Income Tax Act 1961 Section 147 Section 148 reassessment quashed loan and advance transactions taxpayer protection reason to believe arbitrary reassessment
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