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Income Tax - Highlights / Catch Notes

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Application of section 68 - Principles of natural justice - ...


Court Examines Section 68: Natural Justice Principles in Bank Cash Deposit Case; Peak Credit Theory Not Applicable.

August 12, 2014

Case Laws     Income Tax     HC

Application of section 68 - Principles of natural justice - there were cash deposits in the bank account and thereafter cheques were issued to different parties and in such circumstances, the theory of peak credit could not be accepted - HC

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