https://www.taxtmi.com/caselaws?id=791408 Section 69C cannot be invoked merely because the customs assessable value of imported goods exceeds the invoice value. The Revenue must first establish that the assessee actually incurred the alleged expenditure and then show that the source was not satisfactorily explained. Where the assessee capitalised the imported cable harness and modules in its books and no material showed unrecorded expenditure or purchases outside the books, the differential customs valuation alone was insufficient. The addition was therefore unsupported and stood deleted. en-us Fri, 08 May 2026 00:00:00 +0530 Mon, 11 May 2026 09:50:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791408 Section 69C cannot be invoked merely because the customs assessable value of imported goods exceeds the invoice value. The Revenue must first establish that the assessee actually incurred the alleged expenditure and then show that the source was not satisfactorily explained. Where the assessee capitalised the imported cable harness and modules in its books and no material showed unrecorded expenditure or purchases outside the books, the differential customs valuation alone was insufficient. The addition was therefore unsupported and stood deleted. Case-Laws Income Tax Fri, 08 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791408