https://www.taxtmi.com/caselaws?id=755372 Unexplained expenditure under section 69C was examined in the context of an audit-report typographical error, reliance on subsequently filed affidavits, appreciation of evidence, and remand proceedings. The SC found that the High Court erred in reversing the ITAT and CIT(A) orders on the basis of affidavits; those findings were set aside and the ITAT order, together with the assessment order sustaining the additions as unexplained expenditure, was restored. The Court also noted the assessee's conduct and concealment revealed during search. The miscellaneous application was dismissed on delay and on merits. en-us Mon, 08 Jul 2024 00:00:00 +0530 Tue, 05 May 2026 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755372 Unexplained expenditure under section 69C was examined in the context of an audit-report typographical error, reliance on subsequently filed affidavits, appreciation of evidence, and remand proceedings. The SC found that the High Court erred in reversing the ITAT and CIT(A) orders on the basis of affidavits; those findings were set aside and the ITAT order, together with the assessment order sustaining the additions as unexplained expenditure, was restored. The Court also noted the assessee's conduct and concealment revealed during search. The miscellaneous application was dismissed on delay and on merits. Case-Laws Income Tax Mon, 08 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755372