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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Addition for gross amount of ‘On-Money’ received - Undoubtedly ...

Case Laws     Income Tax

March 13, 2019

Addition for gross amount of ‘On-Money’ received - Undoubtedly against unaccounted ‘On- Money’ there is also an element of unaccounted expenditure which cannot be brushed aside - addition should be sustained, only to the extent of 25% of the alleged ‘On-Money’.

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