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OMISSION OF BANK A/C INTHE BALANCE SHEET ASSESSED

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 January 2011 OMMISSION OF BANK A/C BALANCE SHEET ASSESSED AS ESCAPED INCOME KINDLY KNOW THE MATTER APPEALED WHAT FACT AND GROUND CAN BE EXPLAINED TO REDUCED THE TAX LIABILITY
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CA Ankit Gulgulia (Jain)

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CA Ankit Gulgulia (Jain) (Expert)
11 January 2011 You must come up with a Detailed Explanation before which it will possible to Precisely Zero in on the Conclusions.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
11 January 2011 This is a case of mismatch of balance sheet , If bank balance will increase, profit will also increase.

So on this profit, tax will apply.
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