DCIT v. Gulshan Chemicals Ltd. (2020) 184 ITD 71 / 208 TTJ 1053 / (2021) 197 DTR 274 (Delhi)(Trib.)

S. 69C : Unexplained expenditure-Purchase of raw material-purported excess money had been received back-Deletion of addition is held to be valid.

Assessing Officer made addition in respect of excess amount paid for purchase of raw materials. CIT(A) deleted the addition. Appeal by the revenue the Tribunal held that in absence of any evidence as to non supply of raw material and in absence of any evidence that purported that excess amount paid had been received back by assessee, impugned addition could not be sustained. (AY. 2011-12)