https://www.taxtmi.com/caselaws?id=407981 The Tribunal allowed the appeal, finding the addition of Rs. 11,72,434 as unexplained expenditure baseless and lacking proper evidence. The ld. AO failed to establish a connection between the assessee and the alleged unexplained expenditure, leading to the deletion of the addition under section 68 of the Income Tax Act for A.Y. 2011-12 in ITA No. 6785/Mum/2019. en-us Mon, 17 May 2021 00:00:00 +0530 Fri, 28 May 2021 08:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407981 The Tribunal allowed the appeal, finding the addition of Rs. 11,72,434 as unexplained expenditure baseless and lacking proper evidence. The ld. AO failed to establish a connection between the assessee and the alleged unexplained expenditure, leading to the deletion of the addition under section 68 of the Income Tax Act for A.Y. 2011-12 in ITA No. 6785/Mum/2019. Case-Laws Income Tax Mon, 17 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407981