https://www.taxtmi.com/caselaws?id=471278 Unexplained expenditure under Section 69C requires material establishing that the assessee actually incurred the alleged expenditure. A third-party excel sheet suggesting on-money payment for property purchase, without receipts, statements, confirmations, material recovered from the assessees, valuation evidence, or other independent corroboration of cash payment, does not establish undisclosed expenditure. Uncertainty over the alleged booking date and banking-channel payments for the registered property in a subsequent assessment year further weakened the allegation. The proposed addition for on-money payment was therefore unsustainable, and its deletion was upheld. en-us Tue, 26 Sep 2023 00:00:00 +0530 Thu, 27 Aug 2026 14:54:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471278 Unexplained expenditure under Section 69C requires material establishing that the assessee actually incurred the alleged expenditure. A third-party excel sheet suggesting on-money payment for property purchase, without receipts, statements, confirmations, material recovered from the assessees, valuation evidence, or other independent corroboration of cash payment, does not establish undisclosed expenditure. Uncertainty over the alleged booking date and banking-channel payments for the registered property in a subsequent assessment year further weakened the allegation. The proposed addition for on-money payment was therefore unsustainable, and its deletion was upheld. Case-Laws Income Tax Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471278