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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Addition u/s 69C - When the excess stocks were found during the ...

Income Tax

May 25, 2019

Addition u/s 69C - When the excess stocks were found during the Survey, there is no question of allowing the Assessee to record any additional purchases because such purchases had already been recorded in the books of accounts - the excess stock, per se, has to be naturally brought to tax as 'undisclosed income' by itself

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