AO cannot invoke Section 69C over business expediency when foreign remittance sources are fully documented, nor duplicate additions for suo motu disallowed CSR expenses.
AO cannot invoke Section 69C over business expediency when foreign remittance sources are fully documented, nor duplicate additions for suo motu disallowed CSR expenses. Issue Whether the Assessing Officer (AO) can legally invoke Section 69C to tax recorded foreign remittances as unexplained expenditure based solely on a perceived lack of commercial expediency, and whether a… Read More »