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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Nature of addition made u/s 68 - cash credit - Once it is so ...

Income Tax

September 5, 2015

Nature of addition made u/s 68 - cash credit - Once it is so done for the purpose of set off or any other purpose, the said unexplained income cannot be treated as business income under any one of the head provided under Section 14 in which case the question of set off does not arise. - HC

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