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Deduction of unrecovered advances written off disallowed as assessee couldn’t substantiate his claim

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  • Deduction of unrecovered advances written off disallowed as assessee couldn’t substantiate his claim
Posted onon June 27, 2019

Tenet Tax Daily June 15 2019

By tenettax-team
Corporate Tax

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If there was no failure on part of assessee to disclose material facts reassessment after 4 years is not valid: HC
Prppert held by co-owners cannot be treated as property owned only by assessee while for relief u/s 54F: ITAT

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