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Mere shortage in jewellery found during survey wouldn’t be deemed as undisclosed investment by jeweller

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Posted onon December 29, 2014

Tenet Tax Daily December 29 2014

By tenettax-team
Corporate Tax

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No TDS disallowance on payment of taxes by payee; proviso to sec. 40(a)(ia) effective prospectively from 1.4.2013
Once source of deposit in bank account is explained, subsequent withdrawal thereof need not be explained

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