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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Unaccounted cash - Once separate addition is made on account of ...


Court Rules Unaccounted Cash Can Offset Undisclosed Payments Against Higher Gross Profit Additions.

February 19, 2013

Case Laws     Income Tax     HC

Unaccounted cash - Once separate addition is made on account of higher gross profit, the undisclosed payment made by the assessee outside the books of account should be telescoped against the unaccounted income - HC

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