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Income Tax - Highlights / Catch Notes

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Unexplained cash credit u/s. 68 - no cash involved in any stage ...


Unexplained Cash Credit u/s 68: Book Entries Without Actual Cash Not Permissible for Tax Assessment.

March 30, 2019

Case Laws     Income Tax     AT

Unexplained cash credit u/s. 68 - no cash involved in any stage of the transaction and squared up by the assessee company by issue of debentures - if only book entry addition u/s 68 is not permissible

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