https://www.taxtmi.com/caselaws?id=800594 Unexplained-expenditure and unexplained-money additions require foundational proof: section 69C requires evidence that the assessee incurred expenditure, while section 69A requires proof of ownership of unrecorded money or specified assets. A loose sheet seized from a third party and that party's untested statement cannot, without independent nexus and corroboration, establish either fact. Possession-based presumptions apply to the person from whom material is seized and do not automatically extend to another person. Appellate scrutiny of the existing assessment record, without admitting identified fresh material, is an evidentiary appraisal rather than admission of additional evidence. en-us Mon, 28 Sep 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800594 Unexplained-expenditure and unexplained-money additions require foundational proof: section 69C requires evidence that the assessee incurred expenditure, while section 69A requires proof of ownership of unrecorded money or specified assets. A loose sheet seized from a third party and that party's untested statement cannot, without independent nexus and corroboration, establish either fact. Possession-based presumptions apply to the person from whom material is seized and do not automatically extend to another person. Appellate scrutiny of the existing assessment record, without admitting identified fresh material, is an evidentiary appraisal rather than admission of additional evidence. Case-Laws Income Tax Mon, 28 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800594