Unexplained expenditure u/s. 69C - Assessment u/s 153A post ...

Court Confirms Additions Based on Seized Documents Detailing Unexplained Business Expenditure and Commissions.

February 17, 2024

Case Laws     Income Tax     HC

Unexplained expenditure u/s. 69C - Assessment u/s 153A post search - The High Court observed that the documents found and seized from the assessee’s premises were written by Appellant no. 2 , wife of Appellant no. 1. The entries in this document is relating to the business of assessee of liaisoning for which commission has been received from time to time. Assessee has made payment, as explained, in getting clear the properties or vacating the same from unauthorized occupants. Assessee does not deny that these entries did not relate to the activities carried out by him. He also admits that only part of the entries are correct. - Additions made got confirmed.

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