November 20, 2025
Additions under Section 69C Unsustainable When Source of Expense Is Explained
IntelME Verdict
Precedent Setting
TL;DR
Tribunals are ruling additions under Section 69C of Income Tax Act unsustainable if taxpayer explains expense source, emphasizing burden of proof on tax authorities.
Analysis
The trend of tribunals deeming additions under Section 69C unsustainable when taxpayers explain expense sources sets a significant precedent. Legal professionals must note the increasing burden of proof on tax authorities and the need for concrete evidence to justify tax additions, impacting future tax dispute resolutions.
Source
TaxGuru Legal (India)↗Share:
