https://www.taxtmi.com/caselaws?id=242762 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition made under section 69C of the Income Tax Act. The Revenue's appeal, challenging the deletion based on unexplained expenses found in seized documents during a search and seizure action, was dismissed. The Tribunal emphasized the lack of corroborative evidence supporting the unrecorded expenses and stressed the necessity for substantiation in such cases. Ultimately, the Tribunal found no justification to overturn the Ld. CIT(A)'s ruling, resulting in the dismissal of the Revenue's appeal. en-us Wed, 08 Jan 2014 00:00:00 +0530 Mon, 20 Jan 2014 06:04:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242762 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition made under section 69C of the Income Tax Act. The Revenue's appeal, challenging the deletion based on unexplained expenses found in seized documents during a search and seizure action, was dismissed. The Tribunal emphasized the lack of corroborative evidence supporting the unrecorded expenses and stressed the necessity for substantiation in such cases. Ultimately, the Tribunal found no justification to overturn the Ld. CIT(A)'s ruling, resulting in the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 08 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242762