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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Difference in receipts shown as per books of accounts and as per ...


Assessee's Reconciliation Statements Sufficient for Discrepancy in Receipts; No Impossible Demands Allowed Under AS-26.

February 5, 2020

Case Laws     Income Tax     AT

Difference in receipts shown as per books of accounts and as per AS-26 - assessee has submitted the reconciliation statements as well explaining the reasons for difference - The assessee has discharged its primary onus/burden and the assessee could not be asked to do impossible.

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