Tax Application u/s 264 Denied: Misrepresentation Found in Tax Return and Audit Report Regarding Section 40A(3) and Rule 6DD.

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....Revision u/s 264 - The assessing authority has duly considered the application of the assessee and after considering the same has recorded a finding that the assessee has clearly misrepresented in his return as well as audit report with respect to Section 40A(3) of the Act and Rule 6DD of the Rules, 1962 and therefore the case of the petitioner is not covered by any of the exceptions.....