Taxpayer's Expenses Disallowed Due to Lack of Documentation; Additions Confirmed After Section 132 Search and Seizure.

Taxpayer's Expenses Disallowed Due to Lack of Documentation; Additions Confirmed After Section 132 Search and Seizure. https://www.taxtmi.com/highlights?id=51625 Genuineness of expenditure - Before the lower authorities no books of accounts were produced to show the genuineness of the expenses claimed on how the transactions have been entered into. The above addition as made on the basis of the search and seizure operation u/s 132 and the enquiries made by the revenue. - Additions confirmed. en-us Fri, 07 Feb 2020 10:48:33 +0530 Fri, 07 Feb 2020 10:48:33 +0530 TaxTMI RSS Generator Taxpayer's Expenses Disallowed Due to Lack of Documentation; Additions Confirmed After Section 132 Search and Seizure. https://www.taxtmi.com/highlights?id=51625 Genuineness of expenditure - Before the lower authorities no books of accounts were produced to show the genuineness of the expenses claimed on how the transactions have been entered into. The above addition as made on the basis of the search and seizure operation u/s 132 and the enquiries made by the revenue. - Additions confirmed. Highlights Income Tax Fri, 07 Feb 2020 10:48:33 +0530 https://www.taxtmi.com/highlights?id=51625