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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - cash credit - genuineness and creditworthiness ...

Income Tax

October 27, 2016

Addition u/s 68 - cash credit - genuineness and creditworthiness of creditors - Once they are alleging that they have advanced money to the assessee, then, merely on surmises it cannot be inferred that they were not having any means. - AT

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