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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Supreme Court disapproved the practice of making additions in ...


Supreme Court Rejects Tax Additions Based on Suspicion or Trade Practices Without Concrete Evidence.

March 7, 2013

Case Laws     Income Tax     HC

Supreme Court disapproved the practice of making additions in the assessment on mere suspicion and surmises or by taking note of the “notorious practice” prevailing in trade circles - HC

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