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Income Tax - Highlights / Catch Notes

Home Highlights January 2023 Year 2023 This

Addition u/s 68 - unexplained credits in the books of account - ...

Income Tax

January 12, 2023

Addition u/s 68 - unexplained credits in the books of account - Not only were creditworthiness, identity and genuineness established, but also the valuation stood established. Pertinently, nothing contrary to be valuation report produced by the respondent/assessee is available on record. No substantial question of law arises. - HC

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