Recorded banked expenditure cannot be treated as unexplained under Section 69C merely due to vendor non-response.
Recorded banked expenditure cannot be treated as unexplained under Section 69C merely due to vendor non-response. Issue Whether an addition under Section 69C towards unexplained expenditure can be sustained based solely on vendors’ non-response to Section 133(6) notices and their non-filer status when purchases are recorded in books, paid via banking channels, and fully documented;… Read More »