https://www.taxtmi.com/highlights?id=70834 Unexplained expenditure u/s 69C - Addition relating to cash transferred through Angadias - Reliability of WhatsApp chat between employees and son-in-law of CMD - it could be a private and independent transaction, unconnected with the assessee company. Accordingly, AO could not have made this addition without bringing any material on record to show that the assessee company’s funds have been used for execution of this transaction and further the transaction has actually been executed. - Additions deleted - AT en-us Tue, 11 Jul 2023 10:59:52 +0530 Tue, 11 Jul 2023 10:59:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70834 Unexplained expenditure u/s 69C - Addition relating to cash transferred through Angadias - Reliability of WhatsApp chat between employees and son-in-law of CMD - it could be a private and independent transaction, unconnected with the assessee company. Accordingly, AO could not have made this addition without bringing any material on record to show that the assessee company’s funds have been used for execution of this transaction and further the transaction has actually been executed. - Additions deleted - AT Highlights Income Tax Tue, 11 Jul 2023 10:59:52 +0530 https://www.taxtmi.com/highlights?id=70834