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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Addition on account of Suspense Account Treating it as income ...

Income Tax

January 13, 2014

Addition on account of Suspense Account Treating it as income u/s 28(iv) - Income u/s 28(iv) on account of benefit can be assessed to tax only on receipt basis - the addition made by the A.O. u/s 28(iv) of the Act on account of suspense account balance pertaining to the earlier year is not sustainable - AT

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