https://www.taxtmi.com/caselaws?id=218609 The Tribunal upheld the decision of the ld. CIT(A) to delete the addition of Rs.2,07,25,297 made by the Assessing Officer under section 69C of the Income-tax Act, 1961. The Tribunal found that the alleged expenditure was not actually incurred by the assessee-firm and emphasized the necessity for actual expenditure to invoke section 69C. The Revenue's appeal challenging the deletion was dismissed as the Tribunal concluded there was no evidence of additional payments beyond what was recorded in the books, supporting the decision that the addition was unjustified. en-us Fri, 27 Jul 2012 00:00:00 +0530 Wed, 21 Nov 2012 07:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218609 The Tribunal upheld the decision of the ld. CIT(A) to delete the addition of Rs.2,07,25,297 made by the Assessing Officer under section 69C of the Income-tax Act, 1961. The Tribunal found that the alleged expenditure was not actually incurred by the assessee-firm and emphasized the necessity for actual expenditure to invoke section 69C. The Revenue's appeal challenging the deletion was dismissed as the Tribunal concluded there was no evidence of additional payments beyond what was recorded in the books, supporting the decision that the addition was unjustified. Case-Laws Income Tax Fri, 27 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218609