Difference Between Customs Assessable Value And Invoice Value Can’t Be Taxed As Unexplained Expenditure U/S 69C: ITAT

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Difference Between Customs Assessable Value And Invoice Value Can’t Be Taxed As Unexplained Expenditure U/S 69C: ITAT

Direct Tax

Published on

12/05/2026

By Mariya Paliwala

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The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the mere difference between the customs assessable value of imported goods and the invoice value recorded in the books cannot automatically be treated as “unexplained expenditure” under Section 69C of the Income-tax Act, 1961. The bench of Sudhir Kumar (Judicial Member) and…

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Mariya Paliwala https://www.jurishour.in/

Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Difference Between Customs Assessable Value And Invoice Value Can’t Be Taxed As Unexplained Expenditure U/S 69C: ITAT

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