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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

AO has made a lump sum trading addition by estimating ad hoc ...

Case Laws     Income Tax

April 29, 2014

AO has made a lump sum trading addition by estimating ad hoc income of assessee at Rs.10 lakh after rejection of books of accounts u/s 145(3) of the Act - it is not open to the AO to uphold other disallowances and addition on other counts - AT

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