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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Addition of trade creditors u/s 68 - unexplained cash credits - ...

Income Tax

March 22, 2018

Addition of trade creditors u/s 68 - unexplained cash credits - AO cannot blow hot and cold at the same time for the reason he has made twin additions out of the trading results i.e., treating the cash sales as cash credit and adding the same u/s 68. - AT

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