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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Net income determination - assessee has not maintained proper ...

Income Tax

August 17, 2016

Net income determination - assessee has not maintained proper vouchers but spent it in cash - instead of disallowing 50% of cash expenditure, AO should have estimated the income - AO directed to determine the net income of the assessee at 20% of the gross receipts - AT

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