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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Unexplained expenditure u/s 69C of the Income Tax Act - ...


High Court Dismisses Appeal: Excess Expenditure Over Receipts Taxed as Undisclosed Income u/s 69C.

September 28, 2013

Case Laws     Income Tax     HC

Unexplained expenditure u/s 69C of the Income Tax Act - Appellant submitted difference between the excess of expenditure over receipts, should be brought to tax and treated as undisclosed income and the two amounts should not be separately taxed - appeal dismissed - HC

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