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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Assessee unable to substantiate the money deposited in his bank ...


Court Confirms Addition u/s 68 as Assessee Fails to Justify Bank Deposits; No Peak Credit Principle Benefit Granted.

July 2, 2016

Case Laws     Income Tax     HC

Assessee unable to substantiate the money deposited in his bank accounts - Addition u/s 68 confirmed - The benefit of "peak credit principle" not extended.

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