https://www.taxtmi.com/caselaws?id=781911 ITAT Ahmedabad allowed the assessee's appeal, deleting the additions made u/s 69C on account of alleged unexplained expenditure relating to differences in balances of three creditors. The Tribunal held that the additions were based solely on mismatches between the assessee's books and creditors' accounts, which, when reconciled through ledgers and surrounding circumstances, did not prove any unexplained expenditure. It reiterated that s.69C requires a clear finding that expenditure was actually incurred and its source unexplained. As the Revenue produced no such material, the CIT(A) was not justified in sustaining the additions. en-us Mon, 29 Sep 2025 00:00:00 +0530 Sat, 22 Nov 2025 07:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781911 ITAT Ahmedabad allowed the assessee's appeal, deleting the additions made u/s 69C on account of alleged unexplained expenditure relating to differences in balances of three creditors. The Tribunal held that the additions were based solely on mismatches between the assessee's books and creditors' accounts, which, when reconciled through ledgers and surrounding circumstances, did not prove any unexplained expenditure. It reiterated that s.69C requires a clear finding that expenditure was actually incurred and its source unexplained. As the Revenue produced no such material, the CIT(A) was not justified in sustaining the additions. Case-Laws Income Tax Mon, 29 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781911