https://www.taxtmi.com/caselaws?id=470345 Section 69C applies only where the source of expenditure remains unexplained; it cannot support an addition merely because an interest claim is alleged to be bogus. As the underlying loan addition had already been deleted and no finding established that the assessee failed to explain the expenditure source, the interest-expenditure addition was deleted. The analysis emphasises strict interpretation of taxing provisions and distinguishes unexplained expenditure from a disputed or purportedly non-genuine claim. en-us Wed, 19 Mar 2025 00:00:00 +0530 Thu, 23 Jul 2026 20:51:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470345 Section 69C applies only where the source of expenditure remains unexplained; it cannot support an addition merely because an interest claim is alleged to be bogus. As the underlying loan addition had already been deleted and no finding established that the assessee failed to explain the expenditure source, the interest-expenditure addition was deleted. The analysis emphasises strict interpretation of taxing provisions and distinguishes unexplained expenditure from a disputed or purportedly non-genuine claim. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470345