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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - purchase of gold ornaments - stock in trade - ...


Tribunal May Favor Revenue in Section 68 Cases Involving Gold Ornament Purchases Despite Local Taxes Paid.

October 5, 2013

Case Laws     Income Tax     HC

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

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