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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Protective addition - Addition of undisclosed income (on money ...

Income Tax

September 19, 2018

Protective addition - Addition of undisclosed income (on money consideration received by the assessee) - no similar addition was made in the hands of partners in their individual accounts - assessee firm was merely a confirming party and no consideration was received by the assessee firm - ITAT has correctly deleted the additions.

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