Unexplained expenditure u/s. 69C - the profit element embedded ...

Case Laws Income Tax

February 3, 2022

Unexplained expenditure u/s. 69C - the profit element embedded in unaccounted purchases would have to be brought to tax. Considering the facts of the case as well as the nature of assessee's business, we estimate the profit element in unaccounted purchases @10% - The balance addition stand deleted - AT

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Unexplained expenditure u/s. 69C - the profit element embedded ...

Case Laws Income Tax

February 3, 2022

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