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Profit from investment held as capital gains in earlier years can’t be treated differently in subsequent year
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Corporate Tax
Profit from investment held as capital gains in earlier years can’t be treated differently in subsequent year
Posted on
on
July 27, 2018
July 27, 2018
Tenet Tax Daily July 28 2018
By
tenettax-team
Corporate Tax
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No sec. 68 additions if assessee duly produced returns of firms showing his profit share
Income-tax additions merely on basis of a show-cause notice issued by Excise dept. was unjustified : HC
