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No disallowance for cash payment for purchase of gold bars held as investment – ITAT

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  • No disallowance for cash payment for purchase of gold bars held as investment – ITAT
Posted onon April 21, 2015

Tenet Tax Daily April 21 2015

By tenettax-team
Corporate Tax

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Assessment order quashed as revenue failed to prove that it was dispatched in time with demand notice
Penalty leviable if assessee didn’t add back depreciation charged under Companies Act in computation of income

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