https://www.taxtmi.com/caselaws?id=437564 The Supreme Court overturned the High Court's decision and upheld the ITAT's order and Assessment Order in a case concerning additions of unexplained expenditure under Section 69C of the Income Tax Act. The High Court's reliance on affidavits without considering the conduct of the assessee and findings of the Assessing Officer and ITAT was deemed unsustainable. The Supreme Court allowed the appeal without costs, emphasizing the importance of considering all relevant aspects in such cases. en-us Thu, 20 Apr 2023 00:00:00 +0530 Wed, 03 Jun 2026 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437564 The Supreme Court overturned the High Court's decision and upheld the ITAT's order and Assessment Order in a case concerning additions of unexplained expenditure under Section 69C of the Income Tax Act. The High Court's reliance on affidavits without considering the conduct of the assessee and findings of the Assessing Officer and ITAT was deemed unsustainable. The Supreme Court allowed the appeal without costs, emphasizing the importance of considering all relevant aspects in such cases. Case-Laws Income Tax Thu, 20 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437564