https://www.taxtmi.com/caselaws?id=192299 The Tribunal upheld the CIT(A)'s decision, dismissing the appeal and affirming the deletion of the addition of unexplained expenditure under section 69C of the Income Tax Act. The Tribunal highlighted flaws in the assumption of jurisdiction under section 147 of the Act, emphasizing the lack of substantial basis for the addition. The appeal was ultimately dismissed, and the CIT(A)'s order was upheld. en-us Fri, 26 Aug 2016 00:00:00 +0530 Wed, 24 May 2017 07:02:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192299 The Tribunal upheld the CIT(A)'s decision, dismissing the appeal and affirming the deletion of the addition of unexplained expenditure under section 69C of the Income Tax Act. The Tribunal highlighted flaws in the assumption of jurisdiction under section 147 of the Act, emphasizing the lack of substantial basis for the addition. The appeal was ultimately dismissed, and the CIT(A)'s order was upheld. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192299