Undisclosed Receipts u/s 69A: Taxpayer's Advance Payment Ensures Revenue Neutrality for 2020-21 Assessment Year.

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....Undisclosed professional receipt u/s 69A - Year of assessment - Cash basis of accounting - Assessee has paid advance tax on the amount in question in AY 2020-21 and undertaken to declare the amount for taxation, Revenue is not going to lose anything. It is merely a tax neutral exercise.....