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Exp. claimed after survey was disallowed as it was made to offset additional income offered in survey
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Corporate Tax
Exp. claimed after survey was disallowed as it was made to offset additional income offered in survey
Posted on
on
July 19, 2016
Tenet Tax Daily July 19 2016
By
tenettax-team
Corporate Tax
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Interest on FD was includible in operating profit as FD was made from advances received from buyers
Reassessment rightly made as AO had reasons to believe that taxpayer had made bogus purchases
