5 results for “section 68”+ Section 173clear
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68 of the Income Tax Act 1961 on account of unaccounted cash loans\nand added to the total income of the assessee for the A.Y. 2019-20.\nPenalty proceedings u/s 271AAB(1A) are also initiated for misreporting of interest income\nearned on advancement of cash loan.\n(Addition of Rs. 33,47,041/-)”\n(Emphasis supplied)\n3.4. That