https://www.taxtmi.com/caselaws?id=795806 Additions for alleged undisclosed income, unexplained money and unexplained expenditure require independent, cogent evidence establishing a direct nexus with the assessee and proof of the foundational fact. Retracted statements, third-party records and ambiguous loose sheets, without corroboration such as cash trails, unrecorded production, stock discrepancies, dispatch evidence, parallel records or identified recipients, cannot support additions. On the stated analysis, consultancy expenditure supported by agreements, invoices, banking payments and tax deduction remained allowable under Section 37(1). Alleged cash sales, cash salaries, land consideration, unexplained money, liaisoning and gift expenditure were not established under Sections 69A or 69C, and estimated profit additions lacked evidentiary foundation. en-us Thu, 18 Jun 2026 00:00:00 +0530 Tue, 28 Jul 2026 08:30:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795806 Additions for alleged undisclosed income, unexplained money and unexplained expenditure require independent, cogent evidence establishing a direct nexus with the assessee and proof of the foundational fact. Retracted statements, third-party records and ambiguous loose sheets, without corroboration such as cash trails, unrecorded production, stock discrepancies, dispatch evidence, parallel records or identified recipients, cannot support additions. On the stated analysis, consultancy expenditure supported by agreements, invoices, banking payments and tax deduction remained allowable under Section 37(1). Alleged cash sales, cash salaries, land consideration, unexplained money, liaisoning and gift expenditure were not established under Sections 69A or 69C, and estimated profit additions lacked evidentiary foundation. Case-Laws Income Tax Thu, 18 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795806