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Income Tax - Highlights / Catch Notes

Home Highlights April 2013 Year 2013 This

Cash loan / advances - the amounts were received in cash because ...


Cash Loans from Brother for Business Needs Deemed Reasonable, No Penalties Imposed.

April 5, 2013

Case Laws     Income Tax     HC

Cash loan / advances - the amounts were received in cash because of urgency of business needs. - amount received from brother - question of reasonableness established - no penalty - HC

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