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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Addition u/s 68 - unexplained money in the guise of share ...

Income Tax

January 21, 2017

Addition u/s 68 - unexplained money in the guise of share transactions - blue chip companies - rates at which purchases and sales had been made could not be shown to be manipulated - The department was unable to discharge the burden that was on it to prove that the transactions were in any manner bogus or fictitious. - HC

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