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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

A credit in the assessee's books of account, signifying a ...


Assessees must explain account credits to avoid issues u/s 68 of the Income Tax Act.

September 9, 2012

Case Laws     Income Tax     AT

A credit in the assessee's books of account, signifying a receipt, or a liability, has to be satisfactorily explained, to keep section 68 at bay. - AT

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