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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Addition u/s. 68 - Loss from the illegal activity of providing ...

Income Tax

January 18, 2020

Addition u/s. 68 - Loss from the illegal activity of providing accommodation entry - since the assessee has suffered the loss in his unlawful activity of giving accommodation entry which resulted in the beneficiaries not giving the income to the assessee is an allowable deduction.

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