Unexplained expenditure u/s 69C - The AO has not brought any ...

Case Laws Income Tax

June 18, 2021

Unexplained expenditure u/s 69C - The AO has not brought any evidence on record which can demonstrate that assessee has incurred expenses for development work. - There was no evidence with the AO to prove or even indicate that such amount was spent by assessee on the development of land in concern which was sold. AO made addition purely on surmises and conjecture. - AT

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Unexplained expenditure u/s 69C - The AO has not brought any ...

Case Laws Income Tax

June 18, 2021

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