https://www.taxtmi.com/caselaws?id=259034 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The addition made under Section 69C of the Income Tax Act was deleted as there was no evidence of unexplained expenditure. Transactions were conducted through banking channels, accounted for in books, profits declared, and taxes paid, leading to the conclusion that Section 69C was not applicable. en-us Wed, 18 Feb 2015 00:00:00 +0530 Tue, 28 Apr 2015 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259034 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The addition made under Section 69C of the Income Tax Act was deleted as there was no evidence of unexplained expenditure. Transactions were conducted through banking channels, accounted for in books, profits declared, and taxes paid, leading to the conclusion that Section 69C was not applicable. Case-Laws Income Tax Wed, 18 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259034