https://www.taxtmi.com/caselaws?id=472170 Taxpayers claiming that property-related payments were funded by loans must establish receipt and source through confirmations or other reliable evidence. Failure to substantiate loan funding can leave the payment unexplained and support an addition. Expenditure on ground levelling and compound-wall construction requires evidence of its source, invoices, purchased materials, payees and payment trail. Where these elements are not satisfactorily established, section 69C treats the outlay as unexplained expenditure chargeable to tax. Property-improvement claims therefore require documentary proof both of funding and of actual expenditure. en-us Fri, 28 Oct 2022 00:00:00 +0530 Thu, 01 Oct 2026 11:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472170 Taxpayers claiming that property-related payments were funded by loans must establish receipt and source through confirmations or other reliable evidence. Failure to substantiate loan funding can leave the payment unexplained and support an addition. Expenditure on ground levelling and compound-wall construction requires evidence of its source, invoices, purchased materials, payees and payment trail. Where these elements are not satisfactorily established, section 69C treats the outlay as unexplained expenditure chargeable to tax. Property-improvement claims therefore require documentary proof both of funding and of actual expenditure. Case-Laws Income Tax Fri, 28 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472170