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Income Tax - Highlights / Catch Notes

Home Highlights July 2021 Year 2021 This

Addition u/s 68 - No action appears to have been taken in the ...

Case Laws     Income Tax

July 14, 2021

Addition u/s 68 - No action appears to have been taken in the preceding assessment year treating the purchase of the shares as bogus. Once such bogus purchase is sold then the entire amount, cannot be added u/s. 68 - AT

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