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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Addition u/s 69A - The undisputed fact is that cash was found ...

Case Laws     Income Tax

January 2, 2020

Addition u/s 69A - The undisputed fact is that cash was found from the bedroom of the appellant and, therefore, it can be safely presumed that it was in joint possession of the assessee and his wife - The possession of cash as Stridhan cannot be ruled out in the light of the customs prevailing in the society.

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