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Income Tax - Highlights / Catch Notes

Home Highlights January 2013 Year 2013 This

Addition of surplus realised on sale of jewellery - The excess ...

Income Tax

January 7, 2013

Addition of surplus realised on sale of jewellery - The excess amount on sale of jewellery has neither accrued nor has been received by the bank as its income u/s. 5 of the I.T. Act. It continues to be an ascertained liability of the bank to be returned to the owner. - AT

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