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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

When the Assessing Officer and the Commissioner concurrently ...


Unexplained Expenditure Found; Section 69C of Income Tax Act Invoked Due to Unsatisfactory Income Source Explanation.

February 11, 2016

Case Laws     Income Tax     HC

When the Assessing Officer and the Commissioner concurrently found that there was unexplained expenditure and source of such income was not satisfactorily explained, section 69C of the Act would certainly be applicable. - HC

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