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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Addition of peak credit amount – Unexplained credits – Addition ...


Income Tax Act: Only Peak Credit as Income for Unexplained Credits u/ss 68 and 69.

April 30, 2014

Case Laws     Income Tax     AT

Addition of peak credit amount – Unexplained credits – Addition u/s 68 and 69 - only the peak credit can be taken as income out of the deposits made during the year to the bank account of the assessee - AT

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