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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Addition u/s 68 - There is no proper explanation in this regard ...


Section 68 Addition Confirmed: Lack of Explanation for Cash Deposit Before Transaction Leads to Compliance Issue.

July 13, 2016

Case Laws     Income Tax     AT

Addition u/s 68 - There is no proper explanation in this regard as to why the cash was deposited in the account of payee just one or two days before the transaction. - Addition confirmed. - AT

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