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Once all the sales have been made through banking channel, i.e., through account payee cheques and there is no specific inquiry by the AO to rebut the assessee’s explanation, then no addition on account of differential sale price and variation in the profit margin can be made - Tri

Income Tax - Once all the sales have been made through banking channel, i.e., through account payee cheques and there is no specific inquiry by the AO to rebut the assessee’s explanation, then no addition on account of differential sale price and variation in the profit margin can be made - Tri - TMI Updates - Highlights .....

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