Long-Term Capital Gains Based on Sale Deed Value; Bonus Shares Not Taxed Under Section 56(2)(vii)(c); Section 54F Deduction Allowed for One Property O...
Addition on account of unexplained administrative expenses -...
Unexplained Administrative Expenses Added: Salaries, Travel, and Professional Charges Related to Business Activities of the Assessee.
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Income TaxNovember 8, 2018Case LawsAT
Addition on account of unexplained administrative expenses - details include details of salaries paid to employees with the services rendered, details of the travelling expenses incurred, details of the professional charges etc. - all these expenditure are related to the business activity of the assessee and it cannot be said that these expenditure have not been incurred