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Income Tax - Highlights / Catch Notes

Home Highlights July 2022 Year 2022 This

Addition u/s 68 on account loan which was held as unexplained ...

Income Tax

July 12, 2022

Addition u/s 68 on account loan which was held as unexplained cash credit - once repayment of the loan has been established based on the documentary evidence, the credit entries cannot be looked into isolation after ignoring the debit entries despite the debit entries were carried out in the year or later years. - No additions - AT

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