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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Addition on net profit on account of money receipts - sale of ...


Court Deletes Net Profit Addition Due to Insufficient Basis on Bogus Tenancy Flat Sale Proceeds.

November 1, 2015

Case Laws     Income Tax     AT

Addition on net profit on account of money receipts - sale of bogus tenancy flat - the addition was merely made on presumptive basis, which cannot stand on its legs, therefore, the addition was rightly deleted - AT

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