{"id":62888,"date":"2026-07-30T15:47:41","date_gmt":"2026-07-30T10:17:41","guid":{"rendered":"https:\/\/itatonline.org\/digest\/feather-infotech-p-ltd-v-dy-cit-2025-130-itr-1-delhitrib\/"},"modified":"2026-07-30T15:47:41","modified_gmt":"2026-07-30T10:17:41","slug":"feather-infotech-p-ltd-v-dy-cit-2025-130-itr-1-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/feather-infotech-p-ltd-v-dy-cit-2025-130-itr-1-delhitrib\/","title":{"rendered":"Feather Infotech (P.) Ltd. v. Dy. CIT (2025) 130 ITR 1 (Delhi)(Trib.)"},"content":{"rendered":"<p>The Assessing Officer treated purchases as unexplained expenditure under section 69C, and the Commissioner (Appeals) further invoked section 68. The Tribunal held that section 68 applies only where there is an unexplained credit in the books, whereas the present case related to expenditure already recorded by the assessee. Further, the source of payment was never doubted, and the purchases pertained to an earlier year. Therefore, neither section 68 nor section 69C was applicable, and the additions were liable to be deleted. The enhancement made by the Commissioner (Appeals) by invoking section 68 without granting an opportunity of hearing was also held to be unsustainable. (AY. 2009-10 &amp; 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68:  Cash credits-Purchase expenditure cannot be assessed as unexplained cash credit or unexplained expenditure where the source of payment is not disputed. [S.  69C, 250] <\/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_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62888","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gmk","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62888","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=62888"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62888\/revisions"}],"predecessor-version":[{"id":62889,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62888\/revisions\/62889"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}