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Income Tax - Highlights / Catch Notes

Home Highlights March 2023 Year 2023 This

Unexplained expenditure u/s 69C - expenses incurred on marriage ...


Tax Authorities Accept Assessee's Explanation for Marriage Expenses, Delete Additions u/s 69C.

March 23, 2023

Case Laws     Income Tax     AT

Unexplained expenditure u/s 69C - expenses incurred on marriage of daughter of assessee - Assessee has cash which was withdrawn on various dates from his bank account mentioned in the capacity of individual as well as jointly with his wife and after incorporating the opening cash available with assessee out of which a sum were utilized for marriage expenses. - the assessee was discharged his burden of explaining the expenditure incurred and the source thereof - Additions deleted - AT

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