https://www.taxtmi.com/caselaws?id=237448 The High Court upheld the addition under Section 69C of the Income Tax Act for unrecorded transactions during the block period, emphasizing the need for proper disclosure and justification of expenses to prevent tax implications. The appellant's lack of detailed explanations and evidence regarding the expenditure led to the dismissal of the appeal, with the court ruling in favor of the tribunal's decision. en-us Wed, 14 Aug 2013 00:00:00 +0530 Sat, 28 Sep 2013 06:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237448 The High Court upheld the addition under Section 69C of the Income Tax Act for unrecorded transactions during the block period, emphasizing the need for proper disclosure and justification of expenses to prevent tax implications. The appellant's lack of detailed explanations and evidence regarding the expenditure led to the dismissal of the appeal, with the court ruling in favor of the tribunal's decision. Case-Laws Income Tax Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237448