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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Unexplained expenses u/s 69C – addition in question was wrongly ...

Income Tax

November 10, 2014

Unexplained expenses u/s 69C – addition in question was wrongly made u/s 69C of the Act as the expenditure was accounted for in the regular books of account and hence the source is obviously explained - AT

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  2. Additions made u/s 69C - unexplained expenditure – Whether the Assessing Officer had acted on conjectures and surmises – Held no, additions confirmed - HC

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  8. Unexplained expenditure u/s 69C - expenditure of stamp duty paid for registration of property sold - additions confirmed - HC

  9. Addition u/s 69C - household withdrawals - contention of the assessee towards household expenses is not capable of acceptance. Addition confirmed - AT

  10. Addition on account of unexplained marriage expenses - The statement of the partner cannot be the sole criteria for making an addition - AT

 

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