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It has been seen that Tax Officers make addition on the basis of Form-26AS the transaction not being considered in the Income tax return. There are cases where all transactions in Form 26AS cannot be taken in Income tax return and every transaction cannot be brought to tax unless it is established that taxpayer is …

Continue reading “A payment was reflected in Form-26AS and was shown to have been made to assessee, it could not be brought to tax if it could not be established that assessee was actual beneficiary of said payment”