Assessing Officer Cannot Add Unexplained Expenditure u/s 69C in Later Proceedings if Initially Omitted.

Assessing Officer Cannot Add Unexplained Expenditure u/s 69C in Later Proceedings if Initially Omitted. https://www.taxtmi.com/highlights?id=51163 Addition u/s.69C - unexplained expenditure - Admittedly, in the first round of proceedings, there was no addition made u/s. 69C by the revenue. AO could not have made any addition u/s. 69C in the second round of proceedings. en-us Sat, 11 Jan 2020 07:11:25 +0530 Sat, 11 Jan 2020 07:11:25 +0530 TaxTMI RSS Generator Assessing Officer Cannot Add Unexplained Expenditure u/s 69C in Later Proceedings if Initially Omitted. https://www.taxtmi.com/highlights?id=51163 Addition u/s.69C - unexplained expenditure - Admittedly, in the first round of proceedings, there was no addition made u/s. 69C by the revenue. AO could not have made any addition u/s. 69C in the second round of proceedings. Highlights Income Tax Sat, 11 Jan 2020 07:11:25 +0530 https://www.taxtmi.com/highlights?id=51163