https://www.taxtmi.com/caselaws?id=468601 Section 69C applies only where expenditure is incurred in the relevant year and its source remains unexplained. Sundry creditors reflected as opening balances brought forward from earlier years could not be treated as unexplained expenditure, and the deletion of that addition was upheld. Payments to labour contractors for mining expenses were also supported by bills, work details, ledger accounts, tax records and contractor returns; absent any defect in the documents, the addition based mainly on survey statements was unjustified, and that deletion was also upheld. en-us Mon, 27 Jan 2025 00:00:00 +0530 Wed, 13 May 2026 10:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468601 Section 69C applies only where expenditure is incurred in the relevant year and its source remains unexplained. Sundry creditors reflected as opening balances brought forward from earlier years could not be treated as unexplained expenditure, and the deletion of that addition was upheld. Payments to labour contractors for mining expenses were also supported by bills, work details, ledger accounts, tax records and contractor returns; absent any defect in the documents, the addition based mainly on survey statements was unjustified, and that deletion was also upheld. Case-Laws Income Tax Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468601