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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Addition u/s 68 of the Act - AO does not have power to examine ...


Assessing Officer Cannot Probe Source Origin u/s 68; Revenue's Arguments Dismissed as Baseless.

July 17, 2014

Case Laws     Income Tax     AT

Addition u/s 68 of the Act - AO does not have power to examine the source of the source and on the facts of the case, there is no merit in the Revenue’s grounds at all - AT

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