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Income Tax - Highlights / Catch Notes

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Additions u/s 68 - Even if genuineness is not accepted and ...


Income Tax Act Section 68: Credits in Managing Director's Account Explained, No Additional Taxation Required.

January 20, 2013

Case Laws     Income Tax     AT

Additions u/s 68 - Even if genuineness is not accepted and consequent addition is made u/s. 68, still the sources of credits in the account of Managing Director stands explained, as they are coming out of funds treated as his income - AT

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