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Section-56(2)(viib) of the i.t.act

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(Querist)
15 February 2019 Whether any amount /income standing in books of accounts due by the other person and not to be received at all periods of time in future can be treated as income u/s 56 of the I.T.Act
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 February 2019 No, since referred section doesn't fit into the issue raised.

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