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Income Tax - Highlights / Catch Notes

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Addition u/s.68 - unexplained share application money - The mere ...

Income Tax

May 18, 2018

Addition u/s.68 - unexplained share application money - The mere fact that “assessee” company chooses to show the receipt of the money as capital does not preclude the ITO from going into the question whether this is actually so. - AT

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