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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Disallowance cannot be made merely on presumption basis that the ...

Case Laws     Income Tax

December 13, 2011

Disallowance cannot be made merely on presumption basis that the assessee had made the purchases by way of cash from the Grey market in violation of the provisions of section 40A(3) of the Act .... - HC

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