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No addition on account of cessation of liability if amount related of sundry creditors was credited to P&L a/c
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Corporate Tax
No addition on account of cessation of liability if amount related of sundry creditors was credited to P&L a/c
Posted on
on
September 11, 2017
Tenet Tax Daily August 30 2017
By
tenettax-team
Corporate Tax
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Sec. 263 revision was valid if assessee failed to substantiate source of cash deposit with any evidence
No addition in hand of co. if sum seized from bank locker of co. was admitted by director as his undisclosed income
