Addition on Unexplained Expenditure cannot be Merely Based on CBIC Instruction: Delhi HC [Read Order]
The court held that the order is unsustainable as the assessing officer must have some material to indicate that an expenditure has been made to make an addition, which he failed so
The Delhi High Court in a recent case has held that addition on unexplained expenditure cannot be merely based on Central Board of Indirect Taxes and Customs ( CBIC ) instruction. It was viewed that the Assessing Officer ( AO ) must have some material to indicate that an expenditure has been made to make…
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