Addition of Unexplained Income u/s 69 not sustainable in the presence of duly Audited Regular Books: ITAT [Read Order]

unexplained income - audited regular books - ITAT - books - Taxscan

The Income Tax Appellate Tribunal ( ITAT ), Chandigarh Bench has held that the addition of unexplained income u/s 69 is not sustainable in the presence of the duly audited regular books. The appellant, M/s Rajan group where search and seizure operation u/s 132(1) of the Income Tax Act, 1961 was conducted and various incriminating…

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