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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

The source of the said huge cash deposits were not explained by ...

Case Laws     Income Tax

December 23, 2013

The source of the said huge cash deposits were not explained by the assessee by a single document, evidence or by any convincing reasons - The addition of entire gross amount is warranted for want of evidence but the A.O. himself has applied 0.5% rate of profit - AT

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