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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Disallowance of advance written off - assessee cannot be allowed ...


Court Upholds Disallowance of Advance Written Off Due to Inconsistent Claims on Purchases and Advances by Assessee.

March 29, 2013

Case Laws     Income Tax     AT

Disallowance of advance written off - assessee cannot be allowed to approbate and re-approbate. It cannot say that the purchases were all bogus but, advances were genuine. - AT

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