When the expenditure was not recorded in the books of account ...

Case Laws     Income Tax

September 10, 2013

When the expenditure was not recorded in the books of account and the assessee failed to offer satisfactory explanation about the nature and source of such expenditure, there could arise no question of treating the value of such expenditure, which was deemed to be the income of the assessee, as deductible expenditure in the financial year - AT

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