The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT) recently ordered for re adjudication as vat liability and EPF amount deposited on time under Section 263 of the Income Tax Act 1961. The assessee M/s Kaur Cookies (P) Ltd initially filed its income tax return on 6.11.2017, declaring a loss of Rs. 2,40,88,622/-….
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