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COMMISSIONER OF INCOME-TAX versus PEIRCE LESLIE & CO. LTD.


The amendment to the Indian Income Tax Act 1961 appears on the face of the record record. In case of misappropriation of the Act or misuse of it, an error will appear on the face of the record capital gain ITO which authorizes the review of the law. Will grant the wrong authorization. 195 1954 The ITO will amend its order to obtain fair market value, computable assets in computing, and revoke the permit granted to the reviewer on 1 1954 to adopt the legitimate market value. The assessment of the order appearing on the face of the record in the original pass with the valid Indian Income Tax Act, 1961, Sections 50, 55 (2) and 154

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