https://www.taxtmi.com/highlights?id=38518 Addition made u/s 69C was due to the reason that the assessee failed to explain the source of said expenses. Accordingly, we concur with the view of ld. CIT (A) to restrict the penalty to 100% of the tax to be evaded of such income - AT en-us Thu, 22 Mar 2018 08:54:29 +0530 Thu, 22 Mar 2018 08:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38518 Addition made u/s 69C was due to the reason that the assessee failed to explain the source of said expenses. Accordingly, we concur with the view of ld. CIT (A) to restrict the penalty to 100% of the tax to be evaded of such income - AT Highlights Income Tax Thu, 22 Mar 2018 08:54:29 +0530 https://www.taxtmi.com/highlights?id=38518