Unclaimed Deduction or Exemption Came to Light during Scrutiny Proceeding. What Should You Do?

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Sometime a tax payer or tax practioner may discover during the  scrutiny proceeding, either himself  or on examination by the assessing officer that total income declared is  more than what it should be actually. The discovery is omission to claim a deduction or an exemption. For example, say   you have sold a land on which…

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