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Section 68: Supari Credit Purchase Deemed Unexplained Cash Credit; No Income Additions Due to Progressive Profits.
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....Addition u/s 68 - credit purchase of Supari, as unexplained cash credits - it is found that the gross profit and net profit shown by the assessee is progressive and the AO has not doubted the same - No additions - AT....
TaxTMI
TaxTMI