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Construction Firm Exempt from Tax on Unexplained Expenditure; Sections 69C and 40A(3) Inapplicable Due to No Cash Payments.

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....Unexplained expenditure - Hence, taxing M/s Pathik Construction on this account does not arise as no payment has been made by the assessee firm in cash. Therefore, provisions of section 69C or 40A(3) are not applicable in the assessee firm’s case. - AT....

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Construction Firm Exempt from Tax on Unexplained Expenditure; Sections 69C and 40A(3) Inapplicable Due to No Cash Payments.