https://www.taxtmi.com/highlights?id=83200 The assessee denied the entries representing unaccounted cash expenditure, stating they were merely MIS reports for discussion purposes, containing approximate project expenditure estimates. The statements were contradicted, losing evidentiary value. The assessee claimed all expenses were accounted for in regular books, making the addition unsustainable. The notings lacked details like payment dates, recipients, and sources, being mere bald notings without conveying much meaning. The figures were round estimates without supporting cash payments. The document lacked basic details to form an opinion on unaccounted cash payments. No corroborative evidence established unexplained expenditure u/s 69C, making the presumption arbitrary. No direct ..... en-us Mon, 18 Nov 2024 08:55:03 +0530 Mon, 18 Nov 2024 08:55:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=83200 The assessee denied the entries representing unaccounted cash expenditure, stating they were merely MIS reports for discussion purposes, containing approximate project expenditure estimates. The statements were contradicted, losing evidentiary value. The assessee claimed all expenses were accounted for in regular books, making the addition unsustainable. The notings lacked details like payment dates, recipients, and sources, being mere bald notings without conveying much meaning. The figures were round estimates without supporting cash payments. The document lacked basic details to form an opinion on unaccounted cash payments. No corroborative evidence established unexplained expenditure u/s 69C, making the presumption arbitrary. No direct ..... Highlights Income Tax Mon, 18 Nov 2024 08:55:03 +0530 https://www.taxtmi.com/highlights?id=83200