Addition U/s. Section 69C of IT Act is not mandatory, AO has discretion to add or not to add unexplained expenditure

Pr. Commissioner Of Income Tax Vs. Late Rama Shankar Yadav (Allahabad High Court) One cannot loose sight of the fact that in situations where the proprietor of the business dies and his heirs are not in business or are not connected with the business of the deceased they may not be in a position to furnish any explanation about the business. There may be cases where they may be living and serving outside and are totally unconnected with the business of the deceased. Therefore, it is to meet such type of contingency that the legislature in its wisdom has conferred a discretionary jurisdiction u...