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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Rejection of books of accounts - The finding of "on-money ...

Case Laws     Income Tax

March 22, 2018

Rejection of books of accounts - The finding of "on-money transactions" in the appellant's case by the authorities below is found without any basis and found perverse on facts. It, therefore, could not be a reason for rejecting the books of account maintained by the assessee in regular course of business. - HC

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