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of <h1>Madras High Court upholds tax assessment reopening based on audit report</h1> <h3>Commissioner of Income-tax Versus L.K.S. Jewellers</h3> Commissioner of Income-tax Versus L.K.S. Jewellers - TMI The High Court of Madras dismissed the tax case petition, stating that the audit report was the basis for reopening the assessment and properly highlighted legal provisions. No reference was deemed necessary.
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