https://www.taxtmi.com/highlights?id=63898 Addition u/s 69C - Unexplained expenses/premium - assessee did not furnish the source of payment of such expenses/premium - The case of assessee throughout the proceedings was that she is not having sufficient income. The expenses incurred by the other co-owners on her behalf and that no such similar addition was made in case of other co-owners, on whose behalf similar expenses were incurred by other co-owners. - It is settled law that the assessee cannot be treated as indifferently in respect of expenses or treatment of capital gain. - Additions deleted - AT en-us Mon, 06 Jun 2022 08:28:40 +0530 Mon, 06 Jun 2022 08:28:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63898 Addition u/s 69C - Unexplained expenses/premium - assessee did not furnish the source of payment of such expenses/premium - The case of assessee throughout the proceedings was that she is not having sufficient income. The expenses incurred by the other co-owners on her behalf and that no such similar addition was made in case of other co-owners, on whose behalf similar expenses were incurred by other co-owners. - It is settled law that the assessee cannot be treated as indifferently in respect of expenses or treatment of capital gain. - Additions deleted - AT Highlights Income Tax Mon, 06 Jun 2022 08:28:40 +0530 https://www.taxtmi.com/highlights?id=63898