High Court upholds Tribunal decision on Assessing Officer's additions under Income-tax Act

The High Court of Gujarat upheld the Tribunal's decision to delete certain additions made by the Assessing Officer in block periods under section 256(2) of the Income-tax Act, 1961. The application was rejected without costs.

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The High Court of Gujarat rejected the application under section 256(2) of the Income-tax Act, 1961, regarding the addition of certain amounts in block periods made by the Assessing Officer. The Tribunal's decision to delete the additions was upheld based on precedent. The application was rejected, and no costs were awarded.

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