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Income Tax - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

Section 69B cannot be invoked on the assumption that there was ...


Section 69B: Definitive Findings Needed, Not Assumptions, for Understated Investment Claims in Tax Records.

October 10, 2017

Case Laws     Income Tax     AT

Section 69B cannot be invoked on the assumption that there was understatement of the investment, without a finding that the assessee invested more than what was recorded in the books of account.

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