TMI BlogTribunal May Favor Revenue in Section 68 Cases Involving Gold Ornament Purchases Despite Local Taxes Paid.Addition u/s 68 - purchase of gold ornaments - stock in trade - payment of local taxes – even if tax is paid, it is open to the tribunal to take a view in favour of the Revenue - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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