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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Addition of peak credit u/s 69C on the premise that material was ...


Section 69C Additions Upheld: Cash Purchases and Hawala Dealer Bills Confirmed as Valid Evidence.

October 15, 2018

Case Laws     Income Tax     AT

Addition of peak credit u/s 69C on the premise that material was purchased in cash from the open market whereas the accommodation purchase bills were procured from the alleged hawala dealers - additions confirmed.

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