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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Addition of undisclosed expenditure based of valuation of ...

Case Laws     Income Tax

July 2, 2019

Addition of undisclosed expenditure based of valuation of property u/s 158BC - cost of construction of the residential building - in the absence of any material found during the course of search regarding the undisclosed investment, the assessee cannot be penalized solely based on the valuation report provided by the Department - no addition

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