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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Unaccounted deposits in bank account & sale proceeds - once the ...


Unaccounted Bank Deposits Recognized as Sales Proceeds Not Fully Treated as Undisclosed Income by Assessing Officer.

September 8, 2012

Case Laws     Income Tax     AT

Unaccounted deposits in bank account & sale proceeds - once the deposit in the bank has been accepted by the AO as unaccounted sales proceeds, then, the entire amount cannot be treated as undisclosed income - AT

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