Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (9) TMI 151 - HC - Income TaxUnexplained Expenditure on construction of farmhouse and flat - contention of the assessee was whatever has actually been incurred by it that has been debited in the books of accounts – held that: - Assessee constructing the building on behalf of the third concern - There can be no motive to conceal the cost of construction because cost of construction had not to be incurred from its own account - The AO failed to bring any evidence exhibiting the circumstance the circumstance that assessee had actually incurred the expenses – Appeal is dismissed.
|