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Income Tax - Highlights / Catch Notes

Home Highlights March 2024 Year 2024 This

Addition as suppressed income on cash sales - unexplained cash ...

Income Tax

March 11, 2024

Addition as suppressed income on cash sales - unexplained cash deposit which is brought into the assessee’s books in guise of sales before demonetization period u/s. 68 r.w.s. 115BBE - The Tribunal upheld the appellant's stance, justifying acceptance of cash sales based on detailed submissions and evidence provided.

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