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Income Tax - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Addition u/s 68 - unsecured loans received from various parties ...

Income Tax

August 9, 2023

Addition u/s 68 - unsecured loans received from various parties - the amount was not credited during the year under consideration, as such the same was carried forward from earlier years. Therefore, the provision of section 68 of the Act cannot be made applicable on the same in the year under consideration. - AT

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