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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Addition on receipt of on-money - alleged cash having been paid ...


Court Rules No Evidence for Adding On-Money to Income Post-Sale Deed Execution; Addition Unsubstantiated.

January 8, 2016

Case Laws     Income Tax     AT

Addition on receipt of on-money - alleged cash having been paid after the date of execution of sale deed, no reliance could be placed on the aforesaid addition to hold that the assessee was in receipt of on-money. - AT

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