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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Credit purchases are nothing but expenditure and if sundry ...


Assessing Officer Can Add Unproven Sundry Credits as Expenditures u/s 69C of Income Tax Act.

May 4, 2016

Case Laws     Income Tax     HC

Credit purchases are nothing but expenditure and if sundry credits are not proved by the assessee addition can be made by the AO by resorting to section 69C - HC

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