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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Addition u/s 69C - unexplained expenditure - not been expended ...


Section 69C: No Unexplained Expenditure Found as Funds Were Merely Routed Through Taxpayer's Account, Not Incurred.

April 10, 2019

Case Laws     Income Tax     HC

Addition u/s 69C - unexplained expenditure - not been expended by the assessee but was merely routed through in account - the question of debiting such amount to the profit and loss account did not arise - not in the nature of unexplained expenditure

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