https://www.taxtmi.com/caselaws?id=779089 Expenditure supported by ledgers, vouchers and other evidence was treated as genuine business and not unexplained expenditure under section 69C. The assessee's Sierra Project loss expenses were found to have a business nexus, and the material on record showed that the balance amount formed part of the loss claimed in the relevant years. On that basis, the disallowance was held unsustainable and the deletion of the addition was upheld in favour of the assessee. en-us Tue, 23 Sep 2025 00:00:00 +0530 Sat, 27 Sep 2025 08:34:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779089 Expenditure supported by ledgers, vouchers and other evidence was treated as genuine business and not unexplained expenditure under section 69C. The assessee's Sierra Project loss expenses were found to have a business nexus, and the material on record showed that the balance amount formed part of the loss claimed in the relevant years. On that basis, the disallowance was held unsustainable and the deletion of the addition was upheld in favour of the assessee. Case-Laws Income Tax Tue, 23 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779089