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Income Tax - Highlights / Catch Notes

Home Highlights December 2023 Year 2023 This

Unexplained money u/s. 69A - AO rubbished the entire transaction ...

Income Tax

December 21, 2023

Unexplained money u/s. 69A - AO rubbished the entire transaction by dismissing the gift as the same was not evidenced by a registered gift deed - By no stretch of imagination provisions of section 69A can be applied on such transactions as the credit is outcome of the sale of property. - AT

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