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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Unexplained sundry creditors u/s. 68 - there is a marked ...

Income Tax

April 26, 2019

Unexplained sundry creditors u/s. 68 - there is a marked difference between the credit representing a liability payable by the assessee and a credit representing monies received from another person - It is because of this distinction a liability for purchase cannot be added u/s. 68.

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