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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Addition u/s 69C - unexplained expenditure - Double taxation - ...


Section 69C: Court Rules No Double Taxation on Unexplained Expenditure Due to Offset Credit and Debit Entries.

March 30, 2019

Case Laws     Income Tax     HC

Addition u/s 69C - unexplained expenditure - Double taxation - the credit entry was effectively neutralised by corresponding entry on the debit side. This is not, therefore, a case of double taxation.

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