Entire Receipts Cannot Be Treated as Unexplained if Income Already Offered: ITAT Mumbai

Suraj Vijay Kulkarni Vs ITO (ITAT Mumbai) Suraj Vijay Kulkarni vs. ITO: ITAT Provides Partial Relief by Restricting Disallowance of Unverifiable Business Expenses and Oaverturning Section 69 Addition The case of Suraj Vijay Kulkarni vs. ITO  pertains to the Assessment Year 2010-11 and focuses on the taxability of income from a one-time business venture,. Background and Dispute The assessee, primarily a salaried professional, undertook a one-time liaisoning and coordination assignment for Slum Rehabilitation Authority (SRA) Redevelopment Projects in Mumbai. He received total consultancy fees o...