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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Business income receipt of On Money received out of books of ...

Case Laws     Income Tax

September 25, 2020

Business income receipt of On Money received out of books of account - Addition on the basis of the extrapolation of the clinching evidences seized/impounded which has the part of cash and cheque payments receipts - Not the entire receipts, but the profit element embedded in such receipts can be brought to tax - HC

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