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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - Creditworthiness - no details except for his ...

Income Tax

October 16, 2013

Addition u/s 68 - Creditworthiness - no details except for his cultivable land holding of 3.63 acres has been provided to substantiate agriculturist's savings to lend a loan of Rs. 60,000 - These vague details, are not good enough reasons to treat the impugned loans as genuine - AT

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