https://www.taxtmi.com/caselaws?id=417855 The appeal for Assessment Year 2012-13 challenged the addition of Rs. 1,05,54,155 as unexplained expenditure u/s. 69C and the disallowance of Rs. 13,19,853 u/s. 40(a)(ia). The Tribunal partially allowed the appeal, deleting a portion of the unexplained expenditure added under u/s. 69C and providing an opportunity for the assessee to demonstrate compliance with the second proviso to Section 40(a)(ia) regarding TDS disallowance. The Tribunal's decision was based on considerations of business nature, evidentiary discrepancies, and legal provisions, resulting in partial relief for the assessee on both issues. en-us Mon, 24 Jan 2022 00:00:00 +0530 Thu, 03 Feb 2022 08:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417855 The appeal for Assessment Year 2012-13 challenged the addition of Rs. 1,05,54,155 as unexplained expenditure u/s. 69C and the disallowance of Rs. 13,19,853 u/s. 40(a)(ia). The Tribunal partially allowed the appeal, deleting a portion of the unexplained expenditure added under u/s. 69C and providing an opportunity for the assessee to demonstrate compliance with the second proviso to Section 40(a)(ia) regarding TDS disallowance. The Tribunal's decision was based on considerations of business nature, evidentiary discrepancies, and legal provisions, resulting in partial relief for the assessee on both issues. Case-Laws Income Tax Mon, 24 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417855