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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Addition u/s 41(1) - The Department having accepted the balances ...

Case Laws     Income Tax

September 4, 2015

Addition u/s 41(1) - The Department having accepted the balances outstanding in the previous year, it was not open by Ld. CIT(A) to confirm the addition on the ground that assessee could not prove the genuineness of the said transactions which were undertaken. - AT

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