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Cash deposited by partner in saving account couldn’t be held as unexplained when it was cash sales of firm

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  • Cash deposited by partner in saving account couldn’t be held as unexplained when it was cash sales of firm
Posted onon November 4, 2016

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By tenettax-team
Corporate Tax, Individual Taxation

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Income from providing personnel for drilling operations for mineral oil is taxable under sec. 44BB and not sec. 44DA
No involvement of perquisites just because employer was paying fixed monthly medical allowances

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