https://www.taxtmi.com/caselaws?id=797560 Unexplained expenditure under section 69C requires failure to explain the source of expenditure or an explanation of that source that is unsatisfactory. Payments made through bearer cheques from the assessee's recorded bank accounts cannot be added merely because they exceed the purchases and expenses claimed, unless the source of those payments is found unexplained. An inability to establish the purpose or destination of payments does not satisfy the statutory requirement concerning their source. The addition was therefore unsustainable and liable to be deleted. en-us Fri, 21 Aug 2026 00:00:00 +0530 Mon, 24 Aug 2026 08:33:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797560 Unexplained expenditure under section 69C requires failure to explain the source of expenditure or an explanation of that source that is unsatisfactory. Payments made through bearer cheques from the assessee's recorded bank accounts cannot be added merely because they exceed the purchases and expenses claimed, unless the source of those payments is found unexplained. An inability to establish the purpose or destination of payments does not satisfy the statutory requirement concerning their source. The addition was therefore unsustainable and liable to be deleted. Case-Laws Income Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797560