https://www.taxtmi.com/caselaws?id=346800 The court held in favor of the assessee, emphasizing that the Assessing Authority should exercise discretion when the explanation cannot be provided due to the death of the assessee and lack of knowledge by the heirs. As Section 69C is discretionary, the Assessing Officer has the authority to decide on adding unexplained expenditure based on judicial principles. Therefore, the Tribunal's decision to limit the addition to 5% of the expenditure was upheld, ruling in favor of the assessee. en-us Fri, 18 Aug 2017 00:00:00 +0530 Wed, 23 Aug 2017 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346800 The court held in favor of the assessee, emphasizing that the Assessing Authority should exercise discretion when the explanation cannot be provided due to the death of the assessee and lack of knowledge by the heirs. As Section 69C is discretionary, the Assessing Officer has the authority to decide on adding unexplained expenditure based on judicial principles. Therefore, the Tribunal's decision to limit the addition to 5% of the expenditure was upheld, ruling in favor of the assessee. Case-Laws Income Tax Fri, 18 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346800