https://www.taxtmi.com/caselaws?id=461508 ITAT Mumbai allowed assessee's appeal against addition under Section 69C. The tribunal held that no addition can be made without irrebuttable evidence regarding cash bonus payments. The Assessing Officer failed to discharge initial burden of proving expenditure was actually incurred before requiring assessee to prove source of such expenditure. The AO could not bring cogent, convincing and admissible evidence on record to substantiate the addition based merely on statements and loose sheets found during proceedings. en-us Mon, 17 Feb 2025 00:00:00 +0530 Wed, 09 Apr 2025 19:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461508 ITAT Mumbai allowed assessee's appeal against addition under Section 69C. The tribunal held that no addition can be made without irrebuttable evidence regarding cash bonus payments. The Assessing Officer failed to discharge initial burden of proving expenditure was actually incurred before requiring assessee to prove source of such expenditure. The AO could not bring cogent, convincing and admissible evidence on record to substantiate the addition based merely on statements and loose sheets found during proceedings. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461508