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Income Tax - Highlights / Catch Notes

Home Highlights March 2012 Year 2012 This

Block assessment - Undisclosed income versus opening capital - ...

Income Tax

March 14, 2012

Block assessment - Undisclosed income versus opening capital - block assessment - held that:- the said opening capital accrue to the assessees at a point of time anterior to the commencement of the block period, it cannot be treated as undisclosed income at all. - HC

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