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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Undisclosed sale - As the hundies were fake as such neither ...


Court Rules Fake Hundies Mean No Real Sale or Profit; Income Addition Unjustified for Company.

February 2, 2013

Case Laws     Income Tax     HC

Undisclosed sale - As the hundies were fake as such neither there was any actual sale nor actual profit was derived by the company on its sale as such addition of the so called profit was not justified. - HC

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