Tax an 50% of the money forfeited by assessee from the defaulted ...
Case Laws Income Tax
May 1, 2013
Tax an 50% of the money forfeited by assessee from the defaulted members - Had AO excluded the amount offered during the year on the same principles in which he brought the balance 50% of the amount to tax, there could have been some justification in the action of AO - AT
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