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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Considering the assessee’s failure to maintain the fool-proof ...

Case Laws     Income Tax

November 30, 2017

Considering the assessee’s failure to maintain the fool-proof records on the identity of the donors, we are of the opinion that the principle of adhocism adopted by CIT(A) is the only method available in this case for taxing donations as “Anonymous Donations”. - AT

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