Unexplained expenditure under section 69C - allegation that, ...

Assessee Vindicated: Section 69C Allegation Dismissed as Documentary Evidence Supports Wheat Flour Purchase Accuracy.

April 11, 2020

Case Laws Income Tax HC

Unexplained expenditure under section 69C - allegation that, 18340 kilograms of wheat flour was purchased from the open market and had not shown the purchase cost of 123750 kilograms of wheat flour - the purchase of stock of such atta was reflected in the wheat purchase account and not in the atta purchase account. The Commissioner (Appeals) noted that the assessee had submitted documentary evidence to demonstrate the same, which was found to be correct - No addition can be made - HC

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Unexplained expenditure under section 69C - allegation that, ...

Assessee Vindicated: Section 69C Allegation Dismissed as Documentary Evidence Supports Wheat Flour Purchase Accuracy.

April 11, 2020

Case Laws Income Tax HC

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