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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Unexplained cash - addition u/s 68 or 69A - If certain amount of ...

Case Laws     Income Tax

October 18, 2019

Unexplained cash - addition u/s 68 or 69A - If certain amount of cash is received from buyers which is then handed over to sellers, it is not the amount of receipt which can be added to the assessee’s total income but only the profit element embedded in the transaction.

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