Taxpayer Admissions Don't Block Legal Relief; Income Tax Authorities Must Consider All Allowable Reliefs Under Law.
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....Additions made by AO and agreed upon by the assessee - Even if there is an agreed addition, the admission or surrender of that income cannot operate as a estoppels and the Income Tax authorities are bound to consider and allow whatever relief is permissible under law.....


TaxTMI
TaxTMI