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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Unexplained expenditure - Hence, taxing M/s Pathik Construction ...

Case Laws     Income Tax

February 25, 2015

Unexplained expenditure - Hence, taxing M/s Pathik Construction on this account does not arise as no payment has been made by the assessee firm in cash. Therefore, provisions of section 69C or 40A(3) are not applicable in the assessee firm’s case. - AT

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