https://www.taxtmi.com/caselaws?id=466940 Where an assessee substantiates a disclosed business receipt with regular books, tax payment, a sworn statement and supporting affidavits, and the Revenue brings no contrary material, the amount cannot be treated as unexplained expenditure under section 69C. Section 115BBE applies only to income covered by sections 68 to 69D, so the higher-rate regime was inapplicable. The amount was therefore taxable under the normal provisions as business income, and the Revenue's challenge failed. en-us Wed, 31 May 2023 00:00:00 +0530 Wed, 25 Feb 2026 11:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466940 Where an assessee substantiates a disclosed business receipt with regular books, tax payment, a sworn statement and supporting affidavits, and the Revenue brings no contrary material, the amount cannot be treated as unexplained expenditure under section 69C. Section 115BBE applies only to income covered by sections 68 to 69D, so the higher-rate regime was inapplicable. The amount was therefore taxable under the normal provisions as business income, and the Revenue's challenge failed. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466940