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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Addition made u/s 68 - availability of opening capital balance ...


Court Rules Opening Capital Balance Can't Be Ignored in Section 68 Income Tax Disputes; Advocates Nuanced Assessments.

June 14, 2014

Case Laws     Income Tax     AT

Addition made u/s 68 - availability of opening capital balance cannot be discounted altogether - it may not be proper to altogether reject the claim of savings from past income also - AT

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