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Income Tax - Highlights / Catch Notes

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Additions u/s 69 - The payment of additional stamp duty may be ...

Income Tax

June 18, 2016

Additions u/s 69 - The payment of additional stamp duty may be on the basis of the valuation of the valuer of the stamp Act authority but same ipso facto cannot be said to be a valid ground to initiate the proceedings under Section 69 of the Act or to invoke power under Section 69 of the Act on the premise that additional consideration was paid or received. - HC

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