Case Law Analysis
|Income Tax Appellate Tribunal
Section 69C IT Act | Assessee Bears Burden to Prove Genuineness of Purchases from Hawala Operators: ITAT Delhi
ITAT Delhi upholds addition of Rs. 16.5 lakh as unexplained expenditure under Section 69C, ruling the assessee failed to discharge the burden of proving the legitimacy of purchases from a hawala operator. The judgment reinforces that mere book entries without corroborative evidence are insufficient to avoid tax additions.