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Undisclosed Equipment Investment Dispute Under Income Tax Act Section 69 for Broadcasting Channel in 2011-12 Assessment Year.
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....Undisclosed investment in equipment U/s 69 - the channel has gone on air in the financial year 20010-11 pertaining to assessment year 2011- 12 and if any addition has to be made on account of unexplained investment, it has to be in A.Y. 2011-12 and not in the impugned assessment year.....


TaxTMI
TaxTMI