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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Assessment u/s 153A - Addition of unsecured loans as undisclosed ...

Income Tax

July 24, 2020

Assessment u/s 153A - Addition of unsecured loans as undisclosed in u/s. 68 - the assessment proceedings were not pending at the time of search. Hence assessment for these assessment years did not abate. Hence no addition in these assessment years under section 153A is permissible without incriminating material found during search. - AT

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