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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Inclusion of any sum u/s 68 in the hands of the assessee - ...


Court Upholds Inclusion of Sum u/s 68; Bank Transactions Alone Don't Ensure Tax Exemption.

July 6, 2012

Case Laws     Income Tax     HC

Inclusion of any sum u/s 68 in the hands of the assessee - Merely because the transactions are through bank channels, the assessee would not be entitled to the benefit - HC

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