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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Addition made on the basis of declaration of the assessee during ...


Assessee's Declaration in Search Reveals Bogus Purchases; Income Includes Opening Balances, No Further Additions Needed.

May 30, 2017

Case Laws     Income Tax     AT

Addition made on the basis of declaration of the assessee during search action - bogus purchases - The said letter clearly indicates that the additional income declared includes opening balances - no additions - AT

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