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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

It would be just and proper, if, the income from the ...


Court Rules Income from Seized Diary to Be Taxed on Highest Peak with Additional 5% Profit.

November 26, 2014

Case Laws     Income Tax     HC

It would be just and proper, if, the income from the transactions recorded in the seized diary are determined on the basis of highest peak, as increased by the net profit of 5 per cent on the receipts and taxed accordingly - HC

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