https://www.taxtmi.com/caselaws?id=796163 Estimated chit subscriptions cannot be treated as unexplained investment under Section 69 merely by averaging aggregate chit dealings across years. Where impounded material records liabilities rather than a specific unrecorded investment in the relevant year, and bid receipts and borrowings explain instalment funding, the addition is unsustainable. Likewise, estimated interest cannot be assessed as unexplained expenditure under Section 69C through mathematical allocation of an aggregate amount without year-specific evidence of actual payment. Continuing borrowings and upfront interest deductions from loan disbursements provide an identifiable source. Broad admissions without transaction-specific corroboration cannot alone sustain such additions. en-us Wed, 03 Jun 2026 00:00:00 +0530 Sat, 01 Aug 2026 08:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796163 Estimated chit subscriptions cannot be treated as unexplained investment under Section 69 merely by averaging aggregate chit dealings across years. Where impounded material records liabilities rather than a specific unrecorded investment in the relevant year, and bid receipts and borrowings explain instalment funding, the addition is unsustainable. Likewise, estimated interest cannot be assessed as unexplained expenditure under Section 69C through mathematical allocation of an aggregate amount without year-specific evidence of actual payment. Continuing borrowings and upfront interest deductions from loan disbursements provide an identifiable source. Broad admissions without transaction-specific corroboration cannot alone sustain such additions. Case-Laws Income Tax Wed, 03 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796163