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Income Tax - Highlights / Catch Notes

Home Highlights April 2021 Year 2021 This

Estimation of income - Non genuine purchases of diamond - the ...

Income Tax

April 2, 2021

Estimation of income - Non genuine purchases of diamond - the first appellate authority himself has sustained addition @3% of the non genuine purchases under more or less identical facts and circumstances - thus disallowance at 3% of the alleged non genuine purchases would be fair and reasonable. - AT

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