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Income Tax - Highlights / Catch Notes

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Addition u/s 69B - applicability of Section 50C - difference ...

Income Tax

May 9, 2019

Addition u/s 69B - applicability of Section 50C - difference between the market value assessed by the stamp authority and the purchase price as shown by the respondent assessee is not taxable as an unexplained investment u/s 69B in absence of material in the hand of purchaser - deeming fiction not applicable on purchaser

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