ITAT Holds Third-Party Ledger Alone Cannot Prove Unaccounted Cash Purchases:
The ITAT Chennai rules revenue must establish actual incurrence of expenditure and provide effective opportunity.
ITAT Deletes Rs 1.18 Crore Addition Under Section 69C
Saima
Sep 9, 2026
Premium
ITAT Holds Third-Party Ledger Alone Cannot Prove Unaccounted Cash Purchases
The ITAT Chennai rules revenue must establish actual incurrence of expenditure and provide effective opportunity.
Also Read
High Court Quashes Income Tax Demand Against Contractual Worker Over Misuse of PANIncome Tax Department Suspects Rs 5,121 Crore Tax Evasion in Uttar Pradesh After Examining Over 26,000 Property Registration DocumentsITAT Deletes Rs 2.06 Crore Addition Under Section 68 for Unsecured LoansITAT Holds Section 263 Revision Invalid on Taxability of Interest Under Section 28 of Land Acquisition Act
About Author
Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
554My Recent Articles
- High Court Quashes Income Tax Demand Against Contractual Worker Over Misuse of PAN
- ITAT Deletes Rs 2.06 Crore Addition Under Section 68 for Unsecured Loans
- ITAT Holds Section 263 Revision Invalid on Taxability of Interest Under Section 28 of Land Acquisition Act
- ITAT Upholds Section 68 Addition for Bogus Loans But Restricts Estimated Profit to 2% of Sales
- High Court Strikes Down Retrospective Section 147A of Income Tax Act
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts