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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Unexplained expenses u/s 69C – addition in question was wrongly ...


Section 69C Misapplied: Recorded Expenses Already Explained in Regular Books of Account.

November 10, 2014

Case Laws     Income Tax     AT

Unexplained expenses u/s 69C – addition in question was wrongly made u/s 69C of the Act as the expenditure was accounted for in the regular books of account and hence the source is obviously explained - AT

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