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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Addition on account of household withdrawal – assumptions and ...


Court Affirms AO's Discretion in Estimating Income Based on Household Withdrawals; Emphasizes Need for Evidence to Challenge.

July 30, 2012

Case Laws     Income Tax     AT

Addition on account of household withdrawal – assumptions and presumptions - The presumption made by the AO and estimation made was very much realistic - AT

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