Addition of Unexplained Income u/s 69 of Income Tax Act in absence of Proper Documents: Kerala HC allows one more Opportunity Considering Mental Illness of MD [Read Order]

By Yogitha S. Yogesh - On February 7, 2024 10:06 am - 2 mins read
Kerala High Court - Income Tax - Unexplained income - Section 69 of the income tax act - MD mental illness in income tax case - TAXSCAN

In the case of the addition of unexplained income under section 69 of the Income Tax Act, 1961 made in the absence of Proper Documents, the Kerala High Court allowed one more opportunity to the assessee considering the mental illness of Managing Director. Lavia Infra Ltd, the petitioner company was incorporated under the provisions of…

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