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Income Tax - Highlights / Catch Notes

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Addition towards cash found during the course of search u/s 69A ...

Income Tax

May 17, 2021

Addition towards cash found during the course of search u/s 69A - The department is not here to sermonise how a tax payer should keep its currency. - What is relevant is whether the cash found during the course of search has been duly accounted by the assessee and its group companies sharing the common office. - CIT(A) rightly deleted the additions - AT

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