https://www.taxtmi.com/caselaws?id=442490 The court dismissed the writ petition challenging the Assessment order that disallowed expenses claimed by the petitioner, amounting to Rs. 85,17,600, for the Assessment Year 2012-2013. The court held that the petitioner failed to provide adequate explanation or supporting documents for the expenses, treating them as unexplained expenditure under Section 69C of the Income Tax Act, 1961. The petitioner was granted liberty to file a statutory appeal within 30 days, with directions for the Appellate Commissioner to decide the appeal independently. The writ petition was dismissed without costs. en-us Thu, 13 Jul 2023 00:00:00 +0530 Sat, 02 Sep 2023 07:52:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442490 The court dismissed the writ petition challenging the Assessment order that disallowed expenses claimed by the petitioner, amounting to Rs. 85,17,600, for the Assessment Year 2012-2013. The court held that the petitioner failed to provide adequate explanation or supporting documents for the expenses, treating them as unexplained expenditure under Section 69C of the Income Tax Act, 1961. The petitioner was granted liberty to file a statutory appeal within 30 days, with directions for the Appellate Commissioner to decide the appeal independently. The writ petition was dismissed without costs. Case-Laws Income Tax Thu, 13 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442490