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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Addition on account of unexplained purchases u/s 69C of the ...


Section 69C of Income Tax Act: Focus Shift to Source of Expenditure in Unexplained Purchases.

July 19, 2012

Case Laws     Income Tax     AT

Addition on account of unexplained purchases u/s 69C of the Income Tax Act – section 69C refers to the ‘source of the expenditure’ and not to the expenditure itself. - AT

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