Jindal Drugs P. Ltd. v. ACIT (2024)116 ITR 65 (SN)(Mum)(Trib)

S. 69C : Unexplained expenditure-Information from Investigation Wing-Purchase transaction is duly explained with supporting evidences-Addition is deleted-Reassessment issue is left open. [S. 147, 148]

Held that the assessee has provided bill-wise details of  each transaction giving date of bill, quantity, amount, toll receipt number, lorry receipt, waybill, Form Vat-58 Number and truck number, vouchers, vendor’s ledger account and ledger confirmation, and transporter’s confirmation about transport of goods. Transporter Provided consignment number, bill number as well as quantity of  consignment. Addition is deleted. Issue of reassessment is left open. (AY.2012-13)

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