{"id":60026,"date":"2026-06-02T15:48:49","date_gmt":"2026-06-02T10:18:49","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-madras-pharmaceuticals-2024-167-taxmann-com-108-2025-482-itr-522-madhc\/"},"modified":"2026-06-02T15:48:49","modified_gmt":"2026-06-02T10:18:49","slug":"pcit-v-madras-pharmaceuticals-2024-167-taxmann-com-108-2025-482-itr-522-madhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-madras-pharmaceuticals-2024-167-taxmann-com-108-2025-482-itr-522-madhc\/","title":{"rendered":"PCIT v. Madras Pharmaceuticals [2024] 167 taxmann.com 108 \/ (2025) 482 ITR 522 (Mad)(HC)"},"content":{"rendered":"<p>Assessing Officer made addition of certain amount to assessee&#8217;s income towards difference in stock in trade (difference in purchases) as unexplained expenditure under section 69C.\u00a0 CIT(A) affirmed the order of the Assessing Officer. Tribunal held that assessee had filed a reconciliation explaining total purchases including purchase of capital goods and purchase of returns, and tallied with purchases recorded in account books and Assessing Officer had completely erred in making\u00a0 addition. Order of Tribunal affirmed. (AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69C : Unexplained expenditure-Difference in stock-Reconciliation was filed-Order of Tribunal affirmed-No substantial question of law. [S. 260A] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-60026","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fCa","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=60026"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60026\/revisions"}],"predecessor-version":[{"id":60027,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60026\/revisions\/60027"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=60026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=60026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=60026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}