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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Unexplained investment u/s 69B - section 50C is deeming ...

Income Tax

January 1, 2016

Unexplained investment u/s 69B - section 50C is deeming provision, which authorizes the AO to replace the sale consideration with regard to the full value of consideration disclosed by the assessee for the purpose of computing the capital gain - But, this section is of no help while determining the unexplained investment of the assessee. - AT

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