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    <title>2024 (6) TMI 1396 - GUJARAT HIGH COURT</title>
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    <description>The HC quashed the order dated 8.4.2024 under Section 148A(d) and the notice under Section 148 for A.Y. 2017-18, allowing the petition. The Court held that income from the NRE account is exempt under Section 10(4) and cannot be treated as income escapement under Section 147, following a precedent by the Coordinate Bench.</description>
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      <description>The HC quashed the order dated 8.4.2024 under Section 148A(d) and the notice under Section 148 for A.Y. 2017-18, allowing the petition. The Court held that income from the NRE account is exempt under Section 10(4) and cannot be treated as income escapement under Section 147, following a precedent by the Coordinate Bench.</description>
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