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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Unexplained cash credit - AO has wrongly treated the share ...

Case Laws     Income Tax

March 8, 2017

Unexplained cash credit - AO has wrongly treated the share application money as income of the assessee. If any amount is to be added it should be added in the hand of Directors because only they can take the entry by giving the cash from their pockets - AT

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