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Income Tax - Highlights / Catch Notes

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Unexplained purchase u/s 69C - alleged that purchase is not ...

Income Tax

July 6, 2019

Unexplained purchase u/s 69C - alleged that purchase is not genuine and made from bogus biller/ accommodation entry provider - factual finding that no independent material to come to the conclusion that the purchases made by the assessee of gold and silver were either non genuine or that the same were made out of assessee’s known source and purchases were made through banking channel - no question of law arises

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