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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Merit of additions u/s 68 and Section 2(22)(e) - The addition ...

Case Laws     Income Tax

February 19, 2014

Merit of additions u/s 68 and Section 2(22)(e) - The addition made is on account of gift which is nothing but loan taken by the assessee which was converted into gift during the year - No addition - AT

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  10. The ITAT Kolkata held that the addition on a protective basis made by the Assessing Officer in the hands of the assessee, concerning a loan received from a director and...

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