https://www.taxtmi.com/caselaws?id=471845 Section 69C requires an assessee to substantiate claimed expenditure. Where credible investigation material identifies a supplier as an accommodation-entry provider, invoices, ledger confirmations and banking payments alone may not establish genuine purchases without proof of actual delivery or a satisfactory rebuttal of adverse material. Reassessment may be initiated where specific investigation information directly supports the Assessing Officer's belief that income escaped assessment, provided the belief reflects independent application of mind. The sufficiency of such material is not examined at the reopening stage, and unsubstantiated expenditure may remain included in taxable income. en-us Tue, 23 Dec 2025 00:00:00 +0530 Sat, 19 Sep 2026 14:01:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471845 Section 69C requires an assessee to substantiate claimed expenditure. Where credible investigation material identifies a supplier as an accommodation-entry provider, invoices, ledger confirmations and banking payments alone may not establish genuine purchases without proof of actual delivery or a satisfactory rebuttal of adverse material. Reassessment may be initiated where specific investigation information directly supports the Assessing Officer's belief that income escaped assessment, provided the belief reflects independent application of mind. The sufficiency of such material is not examined at the reopening stage, and unsubstantiated expenditure may remain included in taxable income. Case-Laws Income Tax Tue, 23 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471845