https://www.taxtmi.com/highlights?id=36047 Addition u/s 69C - CIT(A) confined the addition to only 5% of the amount spent on purchases based on past record of profits - as the provision of Section 69C is not mandatory in nature, the AO has full discretion either to add or not to add the unexplained expenditure in the income of the assessee based upon sound judicial principles - HC en-us Wed, 23 Aug 2017 13:22:32 +0530 Wed, 23 Aug 2017 13:22:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=36047 Addition u/s 69C - CIT(A) confined the addition to only 5% of the amount spent on purchases based on past record of profits - as the provision of Section 69C is not mandatory in nature, the AO has full discretion either to add or not to add the unexplained expenditure in the income of the assessee based upon sound judicial principles - HC Highlights Income Tax Wed, 23 Aug 2017 13:22:32 +0530 https://www.taxtmi.com/highlights?id=36047