Additional Income cannot be Treated as Unexplained Expenditure to Invoke Section 115BBE of Income Tax Act: ITAT [Read Order]

By Ipsita Das - On June 22, 2023 4:00 pm - 3 mins read

Additional Income - Income - Additional Income cannot be Treated - Unexplained Expenditure - Income Tax Act - ITAT - taxscan

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) held that the additional income cannot be treated as unexplained expenditure under Section 69C of the Income Tax Act, 1961 to attract income tax under Section 115BBE of the Income Tax Act. The assessee Devender Rao Gourkanti is an individual and partner in M/s. Yashoda Heathcare…

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