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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Addition on contract receipts not recorded in books of accounts ...

Income Tax

March 4, 2014

Addition on contract receipts not recorded in books of accounts – when documents which are not meant for the eyes of the Revenue are unearthed after undertaking an exercise which involves an intrusion into the privacy of the assessee, it is not permissible to discount the veracity, genuineness and truthfulness of the contents therein for the flimsiest of reasons - AT

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