Addition u/s 69C – Unexplained expenditure - only because ...

Income Tax

July 7, 2014

Addition u/s 69C – Unexplained expenditure - only because parties has given a different accounting treatment in its books of account, it cannot be said that the assessee has 'suppressed the expenditure - AT

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Addition u/s 69C – Unexplained expenditure - only because ...

Income Tax

July 7, 2014

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Additions cannot be made u/s 69C of the Act, as unexplained expenditure, towards difference between purchase price found in loose slips and amount recorded in books of account - AT

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