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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Addition made u/s 68 - The availability of funds representing ...


Section 68: Income Tax Assessments Focus on Finalized Fund Quantification, Not Initial Taxpayer Declarations.

January 25, 2014

Case Laws     Income Tax     AT

Addition made u/s 68 - The availability of funds representing the intangible additions should be quantified not with reference to what the assessee offered for taxation but what was actually adopted in assessments for taxationp - AT

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