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Taxmen can rely on even stolen data

"In many cases in the past, courts have disallowed information of general nature to be used for reopening assessment of income that was done earlier. The expansion of the definition of ‘information on record’ could also lead to wild application of the law."

Riaz Thingna
Director, Grant Thornton Advisory Private Limited

This article apeared in My Digital FC on 26th April, 2016