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Section 54 Deduction cannot be denied if developer did not give possession in time

Maintenance of separate books of accounts of assessee and his sole proprietorship - Section 68 of IT Act

Prosecution to be held in case of failure of remittance of TDS

In the absence of any transfer order no other AO than the one who initiated the proceedings shall have jurisdiction to continue with proceedings

No Penalty should be levied due to clerical error committed by a CA while filing ITR
