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REGARDING NOTICE ISSUED UNDER SECTION 147

This query is : Resolved 

24 February 2024 If notice issued to builder under section 131 of income tax act and books of accounts seized of builders then addition can be made to buyer of such property merely because in the books of seller cash transaction over and above of purchase agreement?
Is there any favourable case studies regarding above mentioned matter?

26 May 2024 Yes, first query being raised.
Without any justifiable reply, additions can made.



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