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Income Tax - Highlights / Catch Notes

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Unexplained expenditure u/s 69C - AO could have made the ...


AO Fails to Add Unexplained Expenditure u/s 69C Due to Overlooking Section 44AD Provisions.

June 24, 2016

Case Laws     Income Tax     AT

Unexplained expenditure u/s 69C - AO could have made the addition under section 69C, once he had carved out the case out of the glitches of the provisions of section 44AD. No such exercise has been done by the Assessing Officer in this case - No addition - AT

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