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2016 (11) TMI 321 - ITAT DELHIAddition on unexplained expenditure u/s 69C - Held that:- The findings of the learned Commissioner of Income Tax (Appeals) on the issue in dispute in assessee's own case that not to make any separate addition on account of purchase or expenditure. The AO was instead directed to work out the peak from the entries from the cash books including bank transactions and make the additions accordingly are well reasoned and no interference is required. She has not accepted the claim of the assessee of having the purchases as genuine. She has provided the benefit of availability of funds on sale of the goods corresponding to unexplained purchases, which is a judicious approach. - Decided against revenue
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