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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Unaccounted cash credit - peak credit theory - additions were ...


Unaccounted Cash Credit Additions Must Be Based on Verified Facts, Says Peak Credit Theory; AO Must Verify Before Deletion.

May 27, 2015

Case Laws     Income Tax     AT

Unaccounted cash credit - peak credit theory - additions were made purely based on facts, unless the facts were duly verified by the AO, the addition should not have been deleted. - AT

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