https://www.taxtmi.com/caselaws?id=468568 Section 69C cannot be applied to expenditure already recorded in the regular books where the source is not shown to be unexplained or unsatisfactory. The Tribunal found that amounts reflected through ledger entries, bank statements, bills, vouchers and TDS records were not amenable to an ad hoc unexplained-expenditure addition, and one item was treated as a recorded repayment or reimbursement rather than expenditure or cessation of liability. For brokerage, commission and mining expenses, the assessee discharged the primary onus through supporting documents and banking evidence, while a Revenue reliance on an uncorroborated statement was insufficient. Additions based on suspicion, without rejection of books or specific defects, were impermissible. en-us Wed, 30 Oct 2024 00:00:00 +0530 Wed, 13 May 2026 14:18:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468568 Section 69C cannot be applied to expenditure already recorded in the regular books where the source is not shown to be unexplained or unsatisfactory. The Tribunal found that amounts reflected through ledger entries, bank statements, bills, vouchers and TDS records were not amenable to an ad hoc unexplained-expenditure addition, and one item was treated as a recorded repayment or reimbursement rather than expenditure or cessation of liability. For brokerage, commission and mining expenses, the assessee discharged the primary onus through supporting documents and banking evidence, while a Revenue reliance on an uncorroborated statement was insufficient. Additions based on suspicion, without rejection of books or specific defects, were impermissible. Case-Laws Income Tax Wed, 30 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468568