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Assessee can’t escape liability u/s 69A by merely stating that unexplained money was received by his agent
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Corporate Tax
Assessee can’t escape liability u/s 69A by merely stating that unexplained money was received by his agent
Posted on
on
May 6, 2019
Tenet Tax Daily April 16 2019
By
tenettax-team
Corporate Tax
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No addition in hands of company’s director if cash seized from him belonged to Co. itself
No reassessment could be made merely on basis of information received from investigation wing
