https://www.taxtmi.com/caselaws?id=262306 The Tribunal dismissed the revenue's appeals, upholding the CIT(A)'s decision to delete the additions made under Section 69C for the assessment years 2002-03 to 2004-05. The Tribunal found that the AO's additions lacked substantial evidence and were based on presumptions. It was concluded that the AO failed to establish that the assessee incurred unexplained expenditure as required under Section 69C of the Income Tax Act. en-us Fri, 31 Jul 2015 00:00:00 +0530 Fri, 07 Aug 2015 06:37:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262306 The Tribunal dismissed the revenue's appeals, upholding the CIT(A)'s decision to delete the additions made under Section 69C for the assessment years 2002-03 to 2004-05. The Tribunal found that the AO's additions lacked substantial evidence and were based on presumptions. It was concluded that the AO failed to establish that the assessee incurred unexplained expenditure as required under Section 69C of the Income Tax Act. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262306