Allowing the appeal of the assessee the Tribunal held that; the assesse has produced, PAN cards furnished, payments were made by account payee cheques, TDS was deducted, four parties were produced for examination. Addition cannot be made as unexplained expenditure. (AY.2014-15)
Pravesh Kejriwal v. ITO (2019) 174 ITD 662 (Kol.)(Trib.)
S. 69C : Unexplained expenditure-Bogus purchases-Business of manufacturing and trading of tea machineries-PAN cards were furnished -Payments were made by account payee cheques -TDS was deducted – Parties were produced for examination -Addition cannot be made as unexplained expenditure.