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Income Tax - Highlights / Catch Notes

Home Highlights September 2011 Year 2011 This

IT - Cash system of accounting, merely because Sundry Creditors ...


Sundry Creditors Presence Doesn't Justify Rejection of Books in Cash Accounting System, Emphasizes Court Decision.

September 22, 2011

Case Laws     Income Tax     AT

IT - Cash system of accounting, merely because Sundry Creditors are shown in the balance sheet, AO is not justified to reject books of accounts.

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