TaxTMI Login
Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Highlights
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
Additions under s.69A for alleged unexplained bank deposits and under s.69C for alleged unexplained cash purchases were examined in light of documentary evidence supporting purchases from farmers through a government-regulated APMC mandi. The assessee produced mandi certificates evidencing payment of statutory mandi and development charges and furnished Form 6R substantiating the purchases. Since the purchases were routed through a government body and were corroborated by contemporaneous records, the genuineness of the purchases could not be doubted and the presumption of unexplained expenditure was not attracted. Consequently, deletion of the s.69C additions was upheld and the appeal of the revenue was dismissed. - ITAT
TaxTMI 
TaxTMI 
