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AO's Power is limited to Overlook Fairness of Share Valuation Report, not to change Valuation Method Adopted: ITAT [Read Order]
In a recent ruling the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Assessing Officer’s power is limited to overlook...
![Loan advanced for Repayment of Business Operation Liabilities allowable as Business Expenditure u/s 37 (1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Repayment-of-Business-Operation-TAXSCAN.jpg "Loan advanced for Repayment of Business Operation Liabilities allowable as Business Expenditure u/s 37 (1): ITAT [Read Order]")
![Assessee can’t be Taxed on Undisclosed Income which is already Taxed in the hands of Partnership Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Undisclosed-Income-Taxscan.jpg "Assessee can’t be Taxed on Undisclosed Income which is already Taxed in the hands of Partnership Firm: ITAT [Read Order]")