https://www.taxtmi.com/caselaws?id=755426 ITAT DELHI upheld addition of unexplained cash credit u/s 69C after diary with cash expense entries was seized from assessee's office during search operation. Assessee claimed diary belonged to third party who filed affidavit stating expenses were for political party promotion. However, affidavit lacked specific details and supporting documents, with vague mentions of persons and expenses. Names of assessee's relatives were also mentioned in diary. ITAT found AO and CIT(A) correctly rejected the affidavit due to insufficient evidence and upheld the addition. Appeal decided against assessee. en-us Tue, 02 Jul 2024 00:00:00 +0530 Wed, 10 Jul 2024 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755426 ITAT DELHI upheld addition of unexplained cash credit u/s 69C after diary with cash expense entries was seized from assessee's office during search operation. Assessee claimed diary belonged to third party who filed affidavit stating expenses were for political party promotion. However, affidavit lacked specific details and supporting documents, with vague mentions of persons and expenses. Names of assessee's relatives were also mentioned in diary. ITAT found AO and CIT(A) correctly rejected the affidavit due to insufficient evidence and upheld the addition. Appeal decided against assessee. Case-Laws Income Tax Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755426