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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - AO cannot sit back with folded hands till the ...

Income Tax

November 20, 2018

Addition u/s 68 - AO cannot sit back with folded hands till the assessee exhausts all the evidence or material in his possession and then come forward to merely reject the same, without carrying out any verification or enquiry into the material placed before him.

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