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Income Tax - Highlights / Catch Notes

Home Highlights August 2021 Year 2021 This

Addition u/s 68 - mistake of introduction of authorized capital ...

Case Laws     Income Tax

August 9, 2021

Addition u/s 68 - mistake of introduction of authorized capital - tax practitioner had made the above inadvertent mistake while filing the return of income which is not the real capital and investment of the assessee. Therefore, we direct the Assessing Officer to delete the addition made under section 68 of the Act. - AT

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