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Wrong claim of Sec 54B and 54F exemption invites rigors of penalty: ITAT

Functionality test not description to be applied for determining type of Asset block for Depreciation

Addition not justified when no corroborative or tangible material found from premises of assessee: ITAT

Addition u/s 68 unsustainable if no proper inquiry done by AO invoking powers u/s 131 of Income Tax: ITAT

IT Department unearths Rs.400 Crore Tax Evasion after raids on Hospitality Group
