Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2008 (2) TMI 14 - HC - Income Tax
Unexplained expenditure u/s 69 – Appellant had to pay Rs. 25 lakhs in terms of an MOU singed by the appellant to purchase a land but in search proceedings denied that the payment was made. Owner of land denied the receipt– AO can not make presumption without any evidence – addition can not be made