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In case there was uncertainty of realizing debtors, additions could not be made

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  • In case there was uncertainty of realizing debtors, additions could not be made
Posted onon February 11, 2020

Tenet Tax Daily February 10 2020

By tenettax-team
Corporate Tax

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Prior to applying Rule 8D, AO must record his dissatisfaction regarding suo-motu sec. 14A disallowance offered by assessee
Where appeal was delayed since company wanted to wait for department to file the same and then file cross objection – no condonation allowed

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