https://www.taxtmi.com/caselaws?id=790228 Recorded purchases supported by invoices, stock entries and banking payments from disclosed funds do not satisfy section 69C, so they cannot be treated as unexplained expenditure. Sales already offered as taxable revenue, with corresponding stock reduction and unrejected books, cannot be taxed again as unexplained cash credit under section 68 because that would amount to double addition. The ITAT Delhi AT reasoning turns on the absence of any unexplained source for the purchases and the fact that the same turnover had already been recorded and taxed in the accounts. en-us Fri, 30 Jan 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790228 Recorded purchases supported by invoices, stock entries and banking payments from disclosed funds do not satisfy section 69C, so they cannot be treated as unexplained expenditure. Sales already offered as taxable revenue, with corresponding stock reduction and unrejected books, cannot be taxed again as unexplained cash credit under section 68 because that would amount to double addition. The ITAT Delhi AT reasoning turns on the absence of any unexplained source for the purchases and the fact that the same turnover had already been recorded and taxed in the accounts. Case-Laws Income Tax Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790228