https://www.taxtmi.com/caselaws?id=775519 Seized jewellery shown through books, stock movement records and corroborative materials as business stock could not be treated as unexplained income under section 69A. A mere outstanding balance for labour charges did not establish cessation of liability or remission of debt, so the related addition was deleted. Legal expenses incurred for release of the jewellery were linked to that dispute; once the primary addition failed, the basis for any connected disallowance also fell away. The discussion reflects that unexplained-income additions require proof of unexplained source or nature, and liability write-backs need evidence of remission or extinguishment. en-us Wed, 23 Jul 2025 00:00:00 +0530 Sat, 26 Jul 2025 08:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775519 Seized jewellery shown through books, stock movement records and corroborative materials as business stock could not be treated as unexplained income under section 69A. A mere outstanding balance for labour charges did not establish cessation of liability or remission of debt, so the related addition was deleted. Legal expenses incurred for release of the jewellery were linked to that dispute; once the primary addition failed, the basis for any connected disallowance also fell away. The discussion reflects that unexplained-income additions require proof of unexplained source or nature, and liability write-backs need evidence of remission or extinguishment. Case-Laws Income Tax Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775519