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    <title>Presumption Under IT Act Section 132(4A) Applies to Both Tax Authorities and Taxpayers in Book Rejection Cases.</title>
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    <description>Rejection of books of accounts - Presumption to the books of accounts u/s 132(4A) - . The contents of books and documents found in possession and control of searched person thus shall be deemed to be true and the presumption would apply to both sides and such presumption thus, in effect, a double edged sword. - AT</description>
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