Remand back of matter to AO to calculate Disputed Tax and not Fresh Adjudication: Bombay HC quashes action of PCIT [Read Order]

AO - disputed tax - fresh adjudication - Bombay High Court - PCIT - Taxscan

In a recent ruling the Bombay High Court quashed the action of the Principal Commissioner of Income Tax ( PCIT ) as the remand back of the matter to the Assessing Officer (AO) was to calculate disputed tax and not fresh adjudication. The Return of income was filed by the petitioner, Agarwal Industrial Corporations Limitedand…

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