Addition as Unexplained Purchase Expenses shall be made on failure to Establish any Evidence for Eviction of Encroacher: ITAT grants another Opportunity to Assessee [Read Order]

By Sunayana Dhal - On December 16, 2023 3:40 pm - 2 mins read
Addition - Unexplained Purchase - Purchase Expenses - Evidence for Eviction of Encroacher - ITAT - ITAT mumbai - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted another opportunity to the assessee and held that the addition as unexplained purchase expenses shall be made on failure to establish any evidence for eviction of encroacher. A search and survey operation under Section 133A of the Income Tax Act was conducted in the…

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