Validation of tax demands preserves legal efficacy of specified prior notices despite procedural defects. The Finance Act provides a validation provision treating specified prior demands, notices, or proceedings under the Income-tax Act as effective despite ... Summary
Validation of tax demands preserves legal efficacy of specified prior notices despite procedural defects.
The Finance Act provides a validation provision treating specified prior demands, notices, or proceedings under the Income-tax Act as effective despite defects in form, procedure, or authority, thereby restoring legal efficacy to those acts while preserving substantive tax liabilities.
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