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Income Tax - Highlights / Catch Notes

Home Highlights July 2018 Year 2018 This

Penalty u/s 271AAB - need to maintain the books of account u/s ...

Case Laws     Income Tax

July 5, 2018

Penalty u/s 271AAB - need to maintain the books of account u/s 44AA - determination of turnover - unexplained advances - The amount of advance itself is not in the nature of income though the source of the advances can be added to the income of the assessee - No penalty

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