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Income Tax - Highlights / Catch Notes

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Difference between the excess stock and closing stock would ...


Excess Stock Leads to Unexplained Funds Addition u/s 69A; Penalty Imposed u/s 271(1)(c.

June 7, 2013

Case Laws     Income Tax     AT

Difference between the excess stock and closing stock would reveal that the assessees purchased stock using unexplained money - addition u/s 69A and penalty u/s 271(1)(c) confirmed. - AT

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