https://www.taxtmi.com/caselaws?id=361231 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on both the disallowance of expenses under section 40A(3) and the addition of unexplained expenditure under section 69C for the assessment year 2012-2013. The Tribunal found that the expenses disallowed under section 40A(3) were already accounted for by the tax auditor, preventing double taxation. Additionally, the unexplained expenditure under section 69C was deemed explained through regular accounting records, leading to the deletion of the addition. en-us Wed, 30 May 2018 00:00:00 +0530 Sat, 02 Jun 2018 12:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361231 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on both the disallowance of expenses under section 40A(3) and the addition of unexplained expenditure under section 69C for the assessment year 2012-2013. The Tribunal found that the expenses disallowed under section 40A(3) were already accounted for by the tax auditor, preventing double taxation. Additionally, the unexplained expenditure under section 69C was deemed explained through regular accounting records, leading to the deletion of the addition. Case-Laws Income Tax Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361231