https://www.taxtmi.com/caselaws?id=800667 Unexplained expenditure and unexplained money additions require reliable evidence linking the alleged expenditure or funds to the assessee. Third-party entries alone are insufficient where the underlying seized material is not furnished, effective cross-examination is unavailable, and no independent corroboration-such as a cash trail, bank withdrawal, delivery record, stock discrepancy, or confirmation-establishes incurrence, possession, or ownership. Presumptive income disclosure does not by itself validate an alleged unrecorded purchase. On this evidentiary approach, additions under sections 69C and 69A, together with consequential tax and penalty consequences, lack a sustainable foundation. en-us Wed, 07 Oct 2026 00:00:00 +0530 Fri, 09 Oct 2026 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800667 Unexplained expenditure and unexplained money additions require reliable evidence linking the alleged expenditure or funds to the assessee. Third-party entries alone are insufficient where the underlying seized material is not furnished, effective cross-examination is unavailable, and no independent corroboration-such as a cash trail, bank withdrawal, delivery record, stock discrepancy, or confirmation-establishes incurrence, possession, or ownership. Presumptive income disclosure does not by itself validate an alleged unrecorded purchase. On this evidentiary approach, additions under sections 69C and 69A, together with consequential tax and penalty consequences, lack a sustainable foundation. Case-Laws Income Tax Wed, 07 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800667