https://www.taxtmi.com/caselaws?id=778091 ITAT (Ahmedabad) dismissed the revenue's appeal and upheld the CIT(A)'s decision, holding that unexplained expenditure addition under s.69C could not be sustained. The AO had accepted the assessee's sales of livestock to slaughterhouses but disallowed cash purchases, treating Rs.8.89 crore cash withdrawals as unexplained. ITAT found this inconsistent-acceptance of sales necessitated recognition of corresponding cash payments to suppliers-so the AO's rejection of purchases lacked basis. The addition under s.69C was therefore deleted. en-us Tue, 26 Aug 2025 00:00:00 +0530 Wed, 10 Sep 2025 08:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778091 ITAT (Ahmedabad) dismissed the revenue's appeal and upheld the CIT(A)'s decision, holding that unexplained expenditure addition under s.69C could not be sustained. The AO had accepted the assessee's sales of livestock to slaughterhouses but disallowed cash purchases, treating Rs.8.89 crore cash withdrawals as unexplained. ITAT found this inconsistent-acceptance of sales necessitated recognition of corresponding cash payments to suppliers-so the AO's rejection of purchases lacked basis. The addition under s.69C was therefore deleted. Case-Laws Income Tax Tue, 26 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778091