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Court Rules Only Profit Portion of Unrecorded "On Money" Receipts is Taxable, Not Entire Amount.

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....Business income receipt of On Money received out of books of account - Addition on the basis of the extrapolation of the clinching evidences seized/impounded which has the part of cash and cheque payments receipts - Not the entire receipts, but the profit element embedded in such receipts can be brought to tax - HC....

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