The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that mere entries in the books of accounts do not establish the genuineness of the expenditure. The appellant is an individual engaged in the business of executing civil and structural steel contracts. During the course of assessment proceedings, the Assessing Officer observed that the assessee […]
The post Mere Entries in the Books of Accounts does not establish Genuineness of Expenditure: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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