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section 68

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 January 2011 Section 68 speaks about “cash credits” only. In case amount is payable to persons from whom goods were purchased on credit, can additions be made of such balance u/s.68. Since there is no "cash credits" but only credit purchases.

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Guest (Expert)
20 January 2011 No addition can be made u/s 68?



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