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Income Tax - Highlights / Catch Notes

Home Highlights January 2023 Year 2023 This

Addition u/s 68 - the deposit in HSBC London - the assessee has ...

Case Laws     Income Tax

January 11, 2023

Addition u/s 68 - the deposit in HSBC London - the assessee has not been able to provide any cogent evidence for the source of deposits. The submissions of the assessee have been without any reliable material. The explanation given by the assessee is only self-serving and has correctly been rejected by the lower authorities. - AT

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