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Non-confirmation of sums by creditor does not warrant sec. 68 addition if genuineness & identity are proved
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Accounting
Non-confirmation of sums by creditor does not warrant sec. 68 addition if genuineness & identity are proved
Posted on
on
January 15, 2014
Tenet Tax Daily January 14 2014
By
tenettax-team
Accounting
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Export commission paid to NR outside India for services rendered outside India out of the ambit of TDS
No concealment penalty on mere TP adjustment if such issue was of debatable nature
