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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Unexplained money - in cases where unaccounted entries are found ...

Income Tax

January 30, 2016

Unexplained money - in cases where unaccounted entries are found recorded in the books or documents seized, section 69A cannot be invoked. This provision can be invoked only when unaccounted cash, bullion, jewellery or any other valuable article or thing is found during search or otherwise - AT

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