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Unexplained purchase u/s 69C - addition of the peak of financial transaction - the entries were bereft of reality and are prepared only to escape any negative observations of the auditors and authorities - it will properly be taxed if the peak amount is taken as income of the assessee - Tri

Income Tax
April 13, 2017

Unexplained purchase u/s 69C - addition of the peak of financial transaction - the entries were bereft of reality and are prepared only to escape any negative observations of the auditors and authorities - it will properly be taxed if the peak amount is taken as income of the assessee - Tri

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