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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Addition of Opening Excess Cash - There is no absolute rule that ...


Opening Balance Can Be Challenged if Resulting from Accounting Errors, Not Automatically Accepted as Accurate.

September 18, 2013

Case Laws     Income Tax     AT

Addition of Opening Excess Cash - There is no absolute rule that the opening balance of a year only has to be taken as a gospel truth even when it is due to mistaken accountancy - AT

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