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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Bogus purchases - estimation of income - When the Tribunal had ...

Income Tax

February 15, 2020

Bogus purchases - estimation of income - When the Tribunal had concluded that the assessee did make the purchase, as a natural corollary not the entire amount covered by such purchase but the profit element embedded therein would be subject to tax. No substantial question of law

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