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High Court Quashes Section 147 Notice on Unexplained Indusind Bank Account After Revenue Concession.

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....Reopening of assessment u/s 147 - Unexplained bank account with Indusind bank - Revenue made a valiant attempt to justify the reasons and issuance of notice, but when he was confronted with these irrefutable facts, Mr. Walve had no option but to throw in the towel. - Notice quashed - HC....

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