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Income Tax - Highlights / Catch Notes

Home Highlights March 2023 Year 2023 This

Unexplained investment - addition made on the basis of ...

Case Laws     Income Tax

March 14, 2023

Unexplained investment - addition made on the basis of surrender/admission made by the assessee - statement recorded during survey can safely be stated to be retracted duly evidenced with documentary evidence, and in such circumstances, the statement of the assessee recorded u/s 133A of the Act carries no evidentiary value. - AT

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