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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Earnest money received - addition u/s 68 - As per the ...

Income Tax

April 9, 2016

Earnest money received - addition u/s 68 - As per the established principles of taxation jurisprudence, provisions of Section 68 can be invoked if the identity and creditworthiness of the creditor is not established and that the transaction is not genuine - addition deleted - AT

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