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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Disallowance of loss - rejection of books of accounts - A.O. has ...

Income Tax

July 18, 2015

Disallowance of loss - rejection of books of accounts - A.O. has brought no material on record after examining the parties to whom the sales were made by the assessee to show that the assessee has under invoiced the sale of diamonds or that the sales invoiced do not reflect the correct sale-price of the diamond. - AT

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