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Once source of deposit in bank account is explained, subsequent withdrawal thereof need not be explained
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Corporate Tax
Once source of deposit in bank account is explained, subsequent withdrawal thereof need not be explained
Posted on
on
December 30, 2014
Tenet Tax Daily December 30 2014
By
tenettax-team
Corporate Tax
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Mere shortage in jewellery found during survey wouldn’t be deemed as undisclosed investment by jeweller
Unexplained cash and jewellery seized from partners couldn’t be adjusted against tax liability of the firm
