Dispute Arises Over "P-money" Label: Assessing Officer Sees Undisclosed Income, Assessee Claims It's for Petrol Expenses.

Undisclosed income - entry in the seized material wherein "P-money" was written - Assessing Officer is of the view that "P-money" stands for pocket money and treated it as undisclosed income of the assessee - According to the assessee "P-money" indicates money for petrol utilised for vehicles used by the assessee - AT .....

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