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Income Tax - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

The sole basis of addition is the statement recorded under oath ...


Firm's Income Can't Rely Solely on Partner's Statement When Firm Didn't Exist on Survey Date.

October 24, 2017

Case Laws     Income Tax     AT

The sole basis of addition is the statement recorded under oath of one of the partners of the assessee firm which did not exist on the date of survey cannot be the basis for making the addition

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