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Income Tax - Highlights / Catch Notes

Home Highlights March 2012 Year 2012 This

Surrender of income - additional income offered is deemed ...


Income from undisclosed sources taxable u/s 69A of the Income Tax Act; no deductions allowed.

March 12, 2012

Case Laws     Income Tax     AT

Surrender of income - additional income offered is deemed income assessable u/s 69A of the Act and no deduction is allowable against such deemed income assessed u/s 69A of the Act in the hands of the assessee. - AT

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