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Income Tax - Highlights / Catch Notes

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Addition u/s. 68 - proof of creditworthiness or genuineness - ...

Income Tax

May 20, 2017

Addition u/s. 68 - proof of creditworthiness or genuineness - Mere payment by account payee cheque is not sacrosanct nor can it make a non-genuine transaction genuine - accounts were used only for the purpose of providing accommodation entries - additions confirmed - AT

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