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2023 (3) TMI 981 - AT - Income TaxUnexplained expenditure u/s 69C - expenses incurred on marriage of daughter of assessee - HELD THAT:- Neither the ld. AO nor ld. CIT(A) has doubted the availability of funds in the bank accounts nor doubted the withdrawals made therefrom however, without stating any single reason as why the withdrawals made after the marriage cannot consider as utilised for making payment of due expenses. Thus, the addition so made purely in arbitrary manner without considering the cash withdrawal made between the period from 18.03.2014 to 07.05.2014 for which source is explained. Assessee has cash which was withdrawn on various dates from his bank account mentioned in the capacity of individual as well as jointly with his wife and after incorporating the opening cash available with assessee out of which a sum were utilized for marriage expenses. To support his arguments that the assessee has furnished the documentary evidence of cash book as well as bank statement - the assessee was discharged his burden of explaining the expenditure incurred and the source thereof and we do not have any hesitation to delete the addition - Decided in favour of assessee.
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