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Income Tax - Highlights / Catch Notes

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Cash purchase - Rule 6DD clearly exempts the agricultural ...

Income Tax

October 13, 2017

Cash purchase - Rule 6DD clearly exempts the agricultural produce paddy from the rigours of section 40A(3) - And on the pricing, the Revenue has no ground to suspect or disbelieve the assessee’ claim, for it has not ascertained the market rate prevailing then - HC

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