Section 69C

  • Income Tax

Site expenses not accounted in books in expense ledger added as unexplained expenditure

ITAT partly confirms addition of site expenses as unexplained expenditure for being not accounted for in the books of accounts…

2 weeks ago
  • Income Tax

Section 69/69C mandates that assessee must have incurred any expenditure. Additions can not be made by just estimating the expenditure-ITAT

ITAT Lucknow in a recent judgment has held that section 69 of the Income Tax Act, 1961 provides that the assessee must…

8 years ago