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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Contributions received from consumers - AO has misunderstood the ...


Assessing Officer's Misinterpretation of Capital Contributions as Income Overturned, Additions Deleted.

September 14, 2018

Case Laws     Income Tax     AT

Contributions received from consumers - AO has misunderstood the accounting policy and accounting entries passed in the books and erroneously treated the capital contributions received from consumers as income. - Additions deleted.

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