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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Addition u/s 68 - The opening cash balance cannot be said to be ...


Opening Cash Balance Not Credited as Income u/s 68 of the Income Tax Act for Previous Year.

September 19, 2012

Case Laws     Income Tax     AT

Addition u/s 68 - The opening cash balance cannot be said to be any sum found credited in the books of the assessee maintained for the previous year. - AT

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