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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Genuineness of expenditure - Before the lower authorities no ...

Case Laws     Income Tax

February 7, 2020

Genuineness of expenditure - Before the lower authorities no books of accounts were produced to show the genuineness of the expenses claimed on how the transactions have been entered into. The above addition as made on the basis of the search and seizure operation u/s 132 and the enquiries made by the revenue. - Additions confirmed.

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