https://www.taxtmi.com/caselaws?id=196365 The Tribunal upheld the CIT(A)'s decision to delete the addition of unexplained expenditure u/s.69C of the IT Act for assessment years 2008-09 and 2009-10. The revenue's appeals were dismissed as it was found that the expenditure was not proven to have been actually incurred and unrecorded in the books, solely based on seized papers. The Tribunal noted consistency with previous decisions where similar additions in other land companies' cases had been deleted, leading to the affirmation of the deletion of the addition in this case. en-us Fri, 14 Aug 2015 00:00:00 +0530 Tue, 28 Nov 2017 21:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196365 The Tribunal upheld the CIT(A)'s decision to delete the addition of unexplained expenditure u/s.69C of the IT Act for assessment years 2008-09 and 2009-10. The revenue's appeals were dismissed as it was found that the expenditure was not proven to have been actually incurred and unrecorded in the books, solely based on seized papers. The Tribunal noted consistency with previous decisions where similar additions in other land companies' cases had been deleted, leading to the affirmation of the deletion of the addition in this case. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196365