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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - if the depositor a partner or any other ...

Income Tax

June 10, 2017

Addition u/s 68 - if the depositor a partner or any other individual owns the entry then the burden of the assessee firm is discharged. It is immaterial whether credits in the name of partners are reflected in the partner’s capital account or current capital account. - AT

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