Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (12) TMI 357 - ITAT, MUMBAIAddition - Unexplained expenditure under section 69C - The assessee submitted the credit card statement of Rs.2,57,726/- and explained that a sum of Rs.51,175/- was paid by the assessee from his regular bank account - ld. AR for the assessee submitted that the assessee had explained the source of cash expenditure out of the money received by him from his cousin sister who was living in USA for more than 15 years - It was for the AO to make necessary enquiries and place any adverse material to controvert the claim of the assessee which has not been done in this case - Decided in favor of the assessee
|