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Unexplained gifts once assessed in block assessment, can’t be reassessed in regular assessment
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Corporate Tax
Unexplained gifts once assessed in block assessment, can’t be reassessed in regular assessment
Posted on
on
August 13, 2018
Tenet Tax Daily August 13 2018
By
tenettax-team
Corporate Tax
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Unverified creditors shall not be deemed to exist; will be taxed under sec. 41(1): ITAT
Interest paid on loan taken for purchase of land used as stock-in-trade to be allowed as revenue exp.
