https://www.taxtmi.com/caselaws?id=464391 ITAT JAIPUR - AT held that the AO correctly taxed only Rs. 2,00,10,200 under section 69C while accepting the assessee's explanation and source for other amounts, and that expenditure funded from already taxed business income cannot be treated as unexplained expenditure attracting section 115BBE. The tribunal affirmed acceptability of oral evidence, declined to sustain the charge under section 115BBE, and allowed the relevant ground of appeal, providing relief to the assessee. en-us Wed, 19 Mar 2025 00:00:00 +0530 Mon, 27 Oct 2025 16:44:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464391 ITAT JAIPUR - AT held that the AO correctly taxed only Rs. 2,00,10,200 under section 69C while accepting the assessee's explanation and source for other amounts, and that expenditure funded from already taxed business income cannot be treated as unexplained expenditure attracting section 115BBE. The tribunal affirmed acceptability of oral evidence, declined to sustain the charge under section 115BBE, and allowed the relevant ground of appeal, providing relief to the assessee. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464391