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No addition in hands of company’s director if cash seized from him belonged to Co. itself
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Corporate Tax
No addition in hands of company’s director if cash seized from him belonged to Co. itself
Posted on
on
May 6, 2019
Tenet Tax Daily April 15 2019
By
tenettax-team
Corporate Tax
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Blending of tea leaves doesn’t amount to manufacturing; Sec. 154 rightly invoked to rectify the apparent mistake
Assessee can’t escape liability u/s 69A by merely stating that unexplained money was received by his agent
