https://www.taxtmi.com/highlights?id=56221 Disallowance u/s. 69C - assessee had purchased cutting machine but no freight has been accounted - ssessee explained that it had obtained the delivery of the said machine in its own tempo - revenue authorities have not brought any evidence on record to show that the assessee has actually incurred any expenditure and the entire addition has been made on presumption basis - AT en-us Thu, 07 Jan 2021 16:50:38 +0530 Thu, 07 Jan 2021 16:50:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56221 Disallowance u/s. 69C - assessee had purchased cutting machine but no freight has been accounted - ssessee explained that it had obtained the delivery of the said machine in its own tempo - revenue authorities have not brought any evidence on record to show that the assessee has actually incurred any expenditure and the entire addition has been made on presumption basis - AT Highlights Income Tax Thu, 07 Jan 2021 16:50:38 +0530 https://www.taxtmi.com/highlights?id=56221