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Income Tax - Highlights / Catch Notes

Home Highlights May 2023 Year 2023 This

Unexplained cash credit u/s.68 - it could be safely concluded ...

Income Tax

May 3, 2023

Unexplained cash credit u/s.68 - it could be safely concluded that assessee company had duly discharged its complete onus with regard to Section 68 of the Act. Hence, there could not be any addition u/s.68 of the Act even on merits on protective basis or on substantive basis. - AT

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