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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Disallowance of 10% of the purchases made by the assessee from ...

Income Tax

November 3, 2020

Disallowance of 10% of the purchases made by the assessee from the sister concern - No addition can be made basing on suspicion, when the books are available before the assessing officer to bring out material sufficient to support his suspicion. In the absence of any such evidence, no ad hoc disallowance could be sustained - AT

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