Shanti Prime Publication Pvt. Ltd.
Sec. 69C of Income Tax Act, 1961—Unexplained Expenditure— With there being no credible explanation offered by the Assessee for the payment made as capitation fee, AO was justified in making additions under section 69C as the AO has taken pains to summon the father-in-law of the Assessee and record his statement but unfortunately, the statement made by the Assessee’s father-in-law was not helpful in explaining the source of payment of capitation fees - SUSHIL BANSAL V/s PR. CIT - [2020] 426 ITR 535 (DELHI)