Addition of unexplained expenditure u/s 69C - AO not verified ...

Challenge to Unexplained Expenditure u/s 69C: AO Failed to Verify Seized Material, Relied on Auditor's Report.

July 31, 2019

Case Laws Income Tax AT

Addition of unexplained expenditure u/s 69C - AO not verified the actual contents of seized material and addition made based on Report of the Special Auditor - AO is duty bound to examine all aspects before reaching the conclusion - the transactions mentioned on the seized documents were only proposals sent by broker for the land deal for approval of the management and on the basis of such rough proposals no addition permissible

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Addition of unexplained expenditure u/s 69C - AO not verified ...

Challenge to Unexplained Expenditure u/s 69C: AO Failed to Verify Seized Material, Relied on Auditor's Report.

July 31, 2019

Case Laws Income Tax AT

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