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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

AO treated the surplus as profit of assessee for the reason ...

Case Laws     Income Tax

August 3, 2015

AO treated the surplus as profit of assessee for the reason that, the land in question is stock-in trade and not investment. That being the case, CIT(A) is not justified to concluded that assessee has failed to produce any evidence with regard to payment made to various persons - No addition - AT

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