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Income Tax - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Addition u/s 68 - unexplained cash credit - source of amount ...

Income Tax

March 12, 2020

Addition u/s 68 - unexplained cash credit - source of amount deposited in the bank account - represents sale proceeds or not - Peak Credit - Once the purchases have been accepted, then the corresponding sales cannot be disturbed without giving any conclusive evidence/finding. - AT

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