https://www.taxtmi.com/caselaws?id=761250 ITAT Mumbai ruled in favor of the assessee, deleting additions made under Section 69C for unexplained expenditure. The tribunal held that digital images and Excel sheets found on the partner's phone were "dumb documents" lacking credibility and corroborating evidence. Relying on SC precedent in Common Cause vs. UOI and Bombay HC in CIT vs. Lavanya Land, the tribunal determined that loose papers/digital files without supporting evidence of actual transactions cannot sustain additions for unexplained expenditure. en-us Fri, 25 Oct 2024 00:00:00 +0530 Wed, 06 Nov 2024 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761250 ITAT Mumbai ruled in favor of the assessee, deleting additions made under Section 69C for unexplained expenditure. The tribunal held that digital images and Excel sheets found on the partner's phone were "dumb documents" lacking credibility and corroborating evidence. Relying on SC precedent in Common Cause vs. UOI and Bombay HC in CIT vs. Lavanya Land, the tribunal determined that loose papers/digital files without supporting evidence of actual transactions cannot sustain additions for unexplained expenditure. Case-Laws Income Tax Fri, 25 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761250