https://www.taxtmi.com/caselaws?id=468960 Recorded expenditure supported by agreements, invoices, bank payments, books of account and third-party confirmations was found insufficiently discredited by mere doubts about service providers or lack of item-wise bifurcation. Section 69C was treated as inapplicable where the expenditure was duly recorded and the Revenue did not produce concrete evidence that the services were not rendered or that funds were routed back. A consequential addition based only on the deleted unexplained-expenditure adjustment also failed, because its foundation disappeared once the primary disallowance was unsustainable. en-us Mon, 10 Feb 2025 00:00:00 +0530 Tue, 26 May 2026 21:06:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468960 Recorded expenditure supported by agreements, invoices, bank payments, books of account and third-party confirmations was found insufficiently discredited by mere doubts about service providers or lack of item-wise bifurcation. Section 69C was treated as inapplicable where the expenditure was duly recorded and the Revenue did not produce concrete evidence that the services were not rendered or that funds were routed back. A consequential addition based only on the deleted unexplained-expenditure adjustment also failed, because its foundation disappeared once the primary disallowance was unsustainable. Case-Laws Income Tax Mon, 10 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468960