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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Cash credit - Unexplained income - The mere statement that a sum ...


Court Rules Rs. 40,000 Savings Claim Insufficient for Unexplained Income; Fails Income Tax Cash Credit Burden of Proof.

November 3, 2011

Case Laws     Income Tax     HC

Cash credit - Unexplained income - The mere statement that a sum of Rs.40,000/- was saved out of house-hold expenses is bereft of substance.... - HC

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