https://www.taxtmi.com/caselaws?id=412540 An addition for unexplained investment or expenditure requires credible evidentiary support; it cannot rest on suspicion, an uncorroborated third-party statement, or conjecture. A survey admission may be relied upon where it is voluntary and not effectively retracted with supporting material, and cash payments left unexplained can be sustained as additions under section 69. Conversely, where payments are traceable through banking channels and no adverse material is brought from the vendor or other evidence, an expenditure is not unexplained under section 69C. Similarly, an alleged on-money investment under section 69B fails without corroborative documentary proof of payment over registered consideration. en-us Wed, 01 Sep 2021 00:00:00 +0530 Tue, 21 Sep 2021 08:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412540 An addition for unexplained investment or expenditure requires credible evidentiary support; it cannot rest on suspicion, an uncorroborated third-party statement, or conjecture. A survey admission may be relied upon where it is voluntary and not effectively retracted with supporting material, and cash payments left unexplained can be sustained as additions under section 69. Conversely, where payments are traceable through banking channels and no adverse material is brought from the vendor or other evidence, an expenditure is not unexplained under section 69C. Similarly, an alleged on-money investment under section 69B fails without corroborative documentary proof of payment over registered consideration. Case-Laws Income Tax Wed, 01 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412540