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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

The question of addition u/s 69C shall arise only if it is shown ...

Case Laws     Income Tax

August 19, 2016

The question of addition u/s 69C shall arise only if it is shown that the assessee has incurred any expenditure outside the books of account. In the instant case, we notice that the assessing officer has not brought any material on record to show that the assessee has made any payment through illegal sources to cover up the amount of under invoicing - AT

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