https://www.taxtmi.com/caselaws?id=783075 ITAT Agra dismissed the Revenue's appeal and upheld the CIT(A)'s deletion of addition under s. 69C for alleged unexplained expenditure on construction of a plant. The Tribunal held that the loose papers and WhatsApp chats relied upon by the AO were uncorroborated, did not match any party's figures, and could not be validated without valuation. As the assessee had not commenced business and generated no revenue, it could not reasonably be presumed to have incurred the expenditure. Any unexplained investment, if at all, was attributable to other entities, not the assessee. en-us Thu, 04 Dec 2025 00:00:00 +0530 Tue, 09 Dec 2025 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783075 ITAT Agra dismissed the Revenue's appeal and upheld the CIT(A)'s deletion of addition under s. 69C for alleged unexplained expenditure on construction of a plant. The Tribunal held that the loose papers and WhatsApp chats relied upon by the AO were uncorroborated, did not match any party's figures, and could not be validated without valuation. As the assessee had not commenced business and generated no revenue, it could not reasonably be presumed to have incurred the expenditure. Any unexplained investment, if at all, was attributable to other entities, not the assessee. Case-Laws Income Tax Thu, 04 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783075