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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Addition u/s 68 - unexplained cash credit - The stand of the ...

Case Laws     Income Tax

November 7, 2019

Addition u/s 68 - unexplained cash credit - The stand of the Appellant that since the alleged transaction is made through normal banking channels, it is sufficient to prove the genuineness of the transaction and the credit worthiness of the creditor, cannot be accepted.

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