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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

On-money received - document seized during survey - the ...


Undisclosed income revealed: Seized documents show on-money discrepancy between letter of intent and sale agreement.

October 17, 2016

Case Laws     Income Tax     AT

On-money received - document seized during survey - the difference between the rate stated in the letter of intent and the sale agreement is the undisclosed income which has to be added in the income returned by the assessee. - AT

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