https://www.taxtmi.com/caselaws?id=781165 ITAT, Jaipur held that the assessing officer failed to produce material showing the surrendered amount was unrelated to the assessee's real estate business or from unexplained sources. The AO's conclusion treating the expense as unexplained under s.69C merely because it was not recorded at survey was found legally and factually unsupportable. Relying on precedent, the tribunal treated the income as business income, set aside the application of s.115BBE, and decided in favour of the assessee. en-us Tue, 23 Sep 2025 00:00:00 +0530 Wed, 12 Nov 2025 08:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781165 ITAT, Jaipur held that the assessing officer failed to produce material showing the surrendered amount was unrelated to the assessee's real estate business or from unexplained sources. The AO's conclusion treating the expense as unexplained under s.69C merely because it was not recorded at survey was found legally and factually unsupportable. Relying on precedent, the tribunal treated the income as business income, set aside the application of s.115BBE, and decided in favour of the assessee. Case-Laws Income Tax Tue, 23 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781165