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Income Tax - Highlights / Catch Notes

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Correct head of income - receivables / debtors found during the ...

Case Laws     Income Tax

August 5, 2023

Correct head of income - receivables / debtors found during the course of survey u/s 133A - business income or deemed income u/s 69 - Applicability of higher rate of tax u/s 115BBE - the same has been rightly offered to tax under the head “business income” - Liable to normal provision of tax - AT

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