whether section 147 of the income tax act can be invoked on the basis of audit party objection regarding allowance of expenditure.
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No SECTION 147 CAN NOT BE INVOKED BECAUSE AUDIT PARTY OBJECTION IS NOT REGARDED AS A SUBSTANTIAL REASON TO BELIEF
but i read in vg sir module reason to believe inculde audit party obection
ON THE BASIS OF AUDIT PARTY OBJECTION AO CAN INVOKE 147 BECAUSE THIS IS A PART OF REASONS TO BELIEVE TO INVOKE 147
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