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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Addition u/s.145A - though the assessee is following the ...

Income Tax

April 19, 2019

Addition u/s.145A - though the assessee is following the exclusive method of accounting which is contrary to the provisions of section 145A but the effect of the same has been duly considered by the assessee in its memorandum profit and loss account which was offered to tax - no addition only on closing stock u/s 145A without giving effect to the purchases

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