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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Estimation of GP - the entire cash deposits made during the year ...


Cash Deposits Not Entire Income: Only Peak Credit in Bank Accounts Considered Unexplained Income of Assessee.

November 14, 2014

Case Laws     Income Tax     AT

Estimation of GP - the entire cash deposits made during the year cannot be treated as income of assessee - the peak credit appearing in the bank accounts can be considered as unexplained income of assessee - AT

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