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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - Each one of them has confirmed the MCX ...

Income Tax

June 12, 2021

Addition u/s 68 - Each one of them has confirmed the MCX transaction and the confirmation account of each individual customers, transaction by transaction was submitted before the Assessing Officer. Thus, the assessee has established the three limbs of genuineness, creditworthiness and identity of the transactions as contemplated by various decisions of the High Court and Supreme Court envisaged u/s 68. - AT

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