Book Entries & inadequate invoices Alone Insufficient for Proof of Asset Improvement Costs

Charanjit Singh Vs ACIT (ITAT Chandigarh) ITAT upheld disallowance of the claimed expenditure, concluding that mere entries in books of account and inadequate invoices were insufficient to substantiate expenditure on property improvement. In the case of Charanjit Singh Vs ACIT, the appellant appealed against the order of the Ld. CIT(A), Patiala dated 21/01/2019 for the Assessment Year 2011-12. The primary issue raised by the appellant pertained to the disallowance of a claim for expenditure incurred on the improvement of property amounting to Rs. 9 lakhs. During the assessment proceedings, the...