COMMISSIONER OF INCOME-TAX versus SHANKAR TRADING CO. (P.) LTD
The reference question cannot be answered because the CIT cancels the assessment and instructs the ITO to make a fresh assessment after inquiring about two items of cash credit. The decision made after the ITO (appeal) under section 263 under that the two items of cash credit accepted by the Revenue Question are not acceptable, has become the Indian Income Tax Act, Section 616161, Section 25256.
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