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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Additions u/s 41(1) when the liability is no longer payable - ...

Case Laws     Income Tax

April 14, 2017

Additions u/s 41(1) when the liability is no longer payable - CENVAT credit appears on the liability side and this amount was apparently payable to the parties from whom goods were received for job work - assessee has tried to misrepresent the facts by showing it as liability towards Government - additions confirmed - AT

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