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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Addition u/s 69D - Hundies v/s bills of exchange - documents ...

Income Tax

March 4, 2019

Addition u/s 69D - Hundies v/s bills of exchange - documents recovered all bilateral and not tripartite - Section 69D applies to hundi alone and not to bills of exchange. Hence, the disallowance u/s. 69D is unsustainable.

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