https://www.taxtmi.com/caselaws?id=436210 The Tribunal upheld the CIT(A)'s decision to reverse the AO's disallowance of Rs. 4,09,36,296/- as unexplained expenditure on lorry hire charges under section 69 of the Income Tax Act, 1961. The CIT(A) pointed out that most vehicles were registered as goods carriers on the VAHAN portal, with exceptions due to data issues, and criticized the AO for lack of proper verification. The Tribunal agreed that the expenditure source was accounted for in the books, rendering the disallowance under section 69C incorrect. en-us Tue, 28 Mar 2023 00:00:00 +0530 Fri, 07 Apr 2023 08:43:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436210 The Tribunal upheld the CIT(A)'s decision to reverse the AO's disallowance of Rs. 4,09,36,296/- as unexplained expenditure on lorry hire charges under section 69 of the Income Tax Act, 1961. The CIT(A) pointed out that most vehicles were registered as goods carriers on the VAHAN portal, with exceptions due to data issues, and criticized the AO for lack of proper verification. The Tribunal agreed that the expenditure source was accounted for in the books, rendering the disallowance under section 69C incorrect. Case-Laws Income Tax Tue, 28 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436210