Tag: Additions 69C

When AO invoked provisions of section 37(1) to disallow purchases, provisions of section 69C of the Act are not applicable In a recent judgment, ITAT Delhi has held that when AO did not raise any doubts about the source of such purchases but invoked the provisions of section …

Addition u/s 69C for unexplained marriage expenses deleted by ITAT noting that in Indian society, family members contribute to wedding in family ABCAUS Case Law Citation: ABCAUS 2709 (2019) (01) ITAT The assessee had appealed against the order of the CIT(A) in sustaining the addition made by the …

ITAT Lucknow in a recent judgment has held that section 69 of the Income Tax Act, 1961 provides that the assessee must have incurred any expenditure and the additions can not be made by the Assessing Officer by just estimated the expenditure. Case Law Details: ITA Nos.35,36 & 37/Lkw/2016 Assessment years: 2004-05, …