https://www.taxtmi.com/caselaws?id=470301 Section 69A requires that the alleged unexplained item be money, bullion, jewellery or another valuable article owned by the assessee; a survey loose sheet prepared from manual records, containing internal transfers and lacking physical-stock discrepancies or other corroboration, may not establish unaccounted purchases or excess stock. Freezer boxes supplied to vendors for preserving perishable products may be revenue expenditure where they facilitate trading, reduce spoilage and do not create a capital-field advantage. Consolidated bank salary payments may be supported by identified employee, account and payment details where amounts are credited onward to employees' accounts. en-us Wed, 19 Mar 2025 00:00:00 +0530 Wed, 22 Jul 2026 20:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470301 Section 69A requires that the alleged unexplained item be money, bullion, jewellery or another valuable article owned by the assessee; a survey loose sheet prepared from manual records, containing internal transfers and lacking physical-stock discrepancies or other corroboration, may not establish unaccounted purchases or excess stock. Freezer boxes supplied to vendors for preserving perishable products may be revenue expenditure where they facilitate trading, reduce spoilage and do not create a capital-field advantage. Consolidated bank salary payments may be supported by identified employee, account and payment details where amounts are credited onward to employees' accounts. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470301