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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Addition on unexplained paintings - painting are stated to be ...

Income Tax

December 12, 2017

Addition on unexplained paintings - painting are stated to be received by the assessee as gift on various occasions from the artist - since the same have duly been accounted for in the books of accounts of the assessee and forms part of stock-in-trade, the addition thereof is not justified. - AT

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