Addition u/s 69C r.w.s.115BBE - Payment of credit card by cash ...

Income Tax

November 8, 2022

Addition u/s 69C r.w.s.115BBE - Payment of credit card by cash as a unexplained expenditure - Without establishing conclusively, a section like 69C falling under the head Income from Other Sources and that is to, a deeming section, no adverse inference can be drawn against the assessee. We found the order of AO and Ld. CIT(A) are based on conjunction and surmises. - AT

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Addition u/s 69C r.w.s.115BBE - Payment of credit card by cash ...

Income Tax

November 8, 2022

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