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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Unaccounted purchase - Even if we consider the first purchase to ...


Unaccounted Purchases Justified by Profits from Unaccounted Sales Covering Initial Costs.

December 24, 2015

Case Laws     Income Tax     AT

Unaccounted purchase - Even if we consider the first purchase to have been made out of unaccounted income, the estimated profits from the unaccounted sales would be more than sufficient to justify the source. - AT

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