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Income Tax - Highlights / Catch Notes

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Unexplained cash credit - trade advance for purchase of goods - ...

Income Tax

April 13, 2019

Unexplained cash credit - trade advance for purchase of goods - copies of invoice raised by the assessee show that the assessee has squared up by adjusting the sales of the goods for the amount which it has received as advance - no addition u/s. 68 is warranted

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