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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Addition of outstanding balance of certain creditors – Section ...


Section 68 Inapplicable: Unexplained Cash Credits Excluded from Outstanding Balances in Legitimate Business Transactions.

November 26, 2014

Case Laws     Income Tax     AT

Addition of outstanding balance of certain creditors – Section 68 is not applicable in the present case the outstanding amounts in the books of account of the assessee related to business transactions of the assessee - AT

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