https://www.taxtmi.com/caselaws?id=35344 HC considered Revenue's appeal against deletion of addition for unexplained expenditure under s.69C made in block assessment pursuant to search and seizure. CIT(A) had held that no independent material showed that notings on a loose sheet reflected unaccounted transactions, accepting the assessee's explanation that the figures were only fund requirements, not actual receipts or outgoings. The Tribunal affirmed, finding the entries related to projects of another group company and did not evidence expenditure by the assessee. HC held these were pure findings of fact, found no substantial question of law, and dismissed the Revenue's appeal. en-us Mon, 01 Feb 2010 00:00:00 +0530 Fri, 28 Nov 2025 17:26:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35344 HC considered Revenue's appeal against deletion of addition for unexplained expenditure under s.69C made in block assessment pursuant to search and seizure. CIT(A) had held that no independent material showed that notings on a loose sheet reflected unaccounted transactions, accepting the assessee's explanation that the figures were only fund requirements, not actual receipts or outgoings. The Tribunal affirmed, finding the entries related to projects of another group company and did not evidence expenditure by the assessee. HC held these were pure findings of fact, found no substantial question of law, and dismissed the Revenue's appeal. Case-Laws Income Tax Mon, 01 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35344