I.T.A. NO. 481/KB OF 1976-77, DECIDED ON 22ND JANUARY, 1978. versus I.T.A. NO. 481/KB OF 1976-77, DECIDED ON 22ND JANUARY, 1978.
Income Tax Act 1922 Section 35 Error Correction Shares revenue from a registered firm The commentary was included with this comment, subject to correction under section 35 of the Income Tax Act 1922. The application was rejected by the diagnostic officer for four years. The First Appellate Authority directed the Assessing Officer to rectify the error. The share revenue review was a safety assessment and if it did not preclude Assessi from seeking its correction, the firm's valuation was sought to be finalized. Within a period of four years, the order of the first appellate authority was upheld and the departmental appeal was dismissed.
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