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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Addition regarding cash deposit made in the bank account - it is ...

Income Tax

September 3, 2019

Addition regarding cash deposit made in the bank account - it is contended that, assessee had filed return of income u/s.44AD and deposit was made from the civil contract works and under this section the only profit u/s.44AD can be added - The assessee could not establish the deposits in bank account that it has been received from the contractee with cogent materials. - Additions confirmed.

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