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Income Tax - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Rejection of books of accounts - Suppressed production - ...

Case Laws     Income Tax

May 27, 2020

Rejection of books of accounts - Suppressed production - determination of quantum of clay which can be extracted/produced from mines - there is no material on record which highlight dispatches from the mines without paying the requisite royalty.There is no basis for alleging suppression of production by the assessee and the findings of the lower authorities are hereby set-aside.

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