https://www.taxtmi.com/caselaws?id=470092 Cash withdrawals from an assessee's bank account were examined for treatment as unexplained expenditure under section 69C and consequent application of the special tax regime. The assessment treated the withdrawals as unexplained expenditure, while the assessee's money-exchange business conducted on a commission basis formed part of the factual context. The appellate consideration addressed the nature and amount of the withdrawals and verification of the information supporting reassessment. The Revenue's challenge to deletion of the unexplained-expenditure addition was accepted. en-us Mon, 17 Mar 2025 00:00:00 +0530 Wed, 15 Jul 2026 18:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470092 Cash withdrawals from an assessee's bank account were examined for treatment as unexplained expenditure under section 69C and consequent application of the special tax regime. The assessment treated the withdrawals as unexplained expenditure, while the assessee's money-exchange business conducted on a commission basis formed part of the factual context. The appellate consideration addressed the nature and amount of the withdrawals and verification of the information supporting reassessment. The Revenue's challenge to deletion of the unexplained-expenditure addition was accepted. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470092