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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

In the absence of source and nature of expenditure, the receipt ...


Unidentified Expenditure Receipts Considered Trading Receipts, Taxed at 25% Like Other Assessee Income Estimates.

March 31, 2014

Case Laws     Income Tax     AT

In the absence of source and nature of expenditure, the receipt is to be considered as trading receipt and income on this is to be estimated, as the assessee estimated on other receipts, at 25% - AT

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