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Income Tax - Highlights / Catch Notes

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Undisclosed income - receipt of on-money by cash - Simply ...


Court Rules Mere Admission of On-Money Payment Insufficient for Undisclosed Income Without Incriminating Evidence Found in Search.

September 24, 2022

Case Laws     Income Tax     AT

Undisclosed income - receipt of on-money by cash - Simply because the purchaser has admitted on-money payment is not sufficient. Particularly, in this case, a search was conducted and no incriminating material has been found in respect of on-money receipt. - AT

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