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Sum paid to unrelated party via banking route after deduction of tax at source couldn’t be treated as bogus
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Corporate Tax
Sum paid to unrelated party via banking route after deduction of tax at source couldn’t be treated as bogus
Posted on
on
July 1, 2014
Tenet Tax Daily June 25 2014
By
tenettax-team
Corporate Tax
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Reassessment can’t be based only on retro-amendments and interpretation of Apex Court on statutory provisions
HC deletes addition as variation in GP rates of current year and preceding years couldn’t justify additions
