HC confirmed sec. 69C additions on assessee's failure to prove nature of exp. incurred through credit cards

INCOME TAX: Where assessee had allegedly allowed his friend to use his credit cards, who refused having used assessee's credit card, and, thus, amount in question was added to assessee's income as unexplained expenditure, since assessee failed to prove nature of expenses incurred through credit cards despite adequate opportunity given by Tribunal, impugned addition made by authorities below was to be confirmed

from www.taxmann.com Latest Case Laws https://ift.tt/2lI3yLX