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2012 (10) TMI 1071 - ITAT DELHIAdditions on account of unexplained purchases u/s 69C - sale/ purchase made in cash as genuine - disallowance of expenditure - Held that:- there cannot be addition u/s 69C for expenses recorded in the books - sec 69C refers to the source of the expenditure and not to the expenditure itself - decision of Hon'ble Delhi High Court in case of CIT vs. Radhika Creation [2010 (4) TMI 100 - DELHI HIGH COURT] followed - Decided in favor of assessee Held that:- all sales made by the assessee stood recorded in the books, which included the sales and purchase vouchers and stock registers maintained on a day-to-day basis - Decided in favor of assessee Genuineness of cash expenditure - Held that:- The expenditure were incurred wholly and exclusively for the purpose of the business - disallowance was made completely on ad hoc basis - Decided in favor of assessee
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