Peak Credit and telescoping theories under income tax

Amit Bajaj , Last updated: 17 January 2012  
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There may be some cases under Income Tax Assessment proceedings where there are a large number of unexplained credit and debit enteries of a person standing in books of account of an assessee. In such case the AO may tend to add all the aggregate enteries as unexplained income.

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Published by

Amit Bajaj
(Tax Attorney)
Category Income Tax   Report

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