https://www.taxtmi.com/caselaws?id=471868 Recorded cash supported by an adequate cash-book balance and an unrebutted explanation of bank withdrawals for business-site expenditure is not unexplained money under section 69A. Cash found in premises partly used for residence does not, by itself, displace recorded balances. Likewise, seized-paper expenditure reconciled with cash-book entries, vouchers and assessment-stage material is not unexplained expenditure under section 69C absent contrary evidence. The appellate authority may verify material already before the Assessing Officer through co-terminous appellate powers. Both additions were deleted. en-us Fri, 11 Apr 2025 00:00:00 +0530 Tue, 22 Sep 2026 08:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471868 Recorded cash supported by an adequate cash-book balance and an unrebutted explanation of bank withdrawals for business-site expenditure is not unexplained money under section 69A. Cash found in premises partly used for residence does not, by itself, displace recorded balances. Likewise, seized-paper expenditure reconciled with cash-book entries, vouchers and assessment-stage material is not unexplained expenditure under section 69C absent contrary evidence. The appellate authority may verify material already before the Assessing Officer through co-terminous appellate powers. Both additions were deleted. Case-Laws Income Tax Fri, 11 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471868