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Notes: In the situation of a discrepancy amongst these quantities and the official drawing effects, the official drawing results will prevail. Check out the Webcast of the Formal drawings.
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I've heard the rival submissions. Acquired Counsel with the assessee submitted that both the AO and CIT(A) approved The truth that the cash receipts are nothing at all but sale proceeds in the small business in the assessee. The addition has been manufactured only on The premise that soon after demonetization, the demonetized notes couldn't have already been recognized as legitimate tender. He submitted that the sale proceeds for which cash was acquired from The purchasers was presently admitted as profits and When the cash deposits are extra less than segment 68 on the Act that should quantity to double taxation after as gross sales and again as unexplained cash credit score which happens to be from the rules of taxation. It had been also submitted that the assessee was possessing only one supply of money from beedi, tea electrical power and pan masala and so provisions of segment 115BBE with the Act will have no software to be able to take care of the profits of your assessee as cash flow from other sources. It had been also submitted that the government permitted all to deposit old demonetized notes upto 31.12.2016. Considering that the amounts deposited have been sale proceeds of company plus the cash flow with the organization have previously been taxed, the impugned addition must be deleted.
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Chris contains a enjoy-hate marriage with survival video games and an unhealthy fascination While using the interior life of NPCs. He is also a supporter of offbeat simulation online games, mods, and ignoring storylines in RPGs so he can make up his own.
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There is nothing Substantially to discover in its pipeline despite its intense earnings direction of $1B by FY2030, thus indicating very little hope for stock recovery in the in the vicinity of and intermediate-time period.
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You and the MCA company will concur on a fixed share which they are going to deduct out of your credit rating and debit card income each month right up until you have repaid in entire.
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