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Section 68: Cash Declared as Business Income Cannot Be Treated as Undisclosed Income Based on Assumptions.

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Full Text of the Document

X X   X X   Extracts   X X   X X

....Addition u/s 68 as received from undisclosed sources - Merely on surmises and conjunctures no addition can be made u/s 68 of the Act, when assessee himself is declaring the monies received in cash as its Business Income.....

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