https://www.taxtmi.com/caselaws?id=800954 Unexplained expenditure on alleged purchases is taxable in full where the taxpayer cannot substantiate the purchases or their source. Section 69C applies when no satisfactory explanation is provided and prevents deduction of the unexplained expenditure. Where suppliers are accommodation-entry concerns and there is no evidence of actual delivery, transport, stock, receipt, or consumption of goods, an estimated addition based on presumed grey-market purchases lacks evidentiary support. The entire bogus-purchase amount is therefore liable to addition; limiting the addition to an estimated profit element is not permissible. en-us Wed, 23 Sep 2026 00:00:00 +0530 Wed, 14 Oct 2026 06:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800954 Unexplained expenditure on alleged purchases is taxable in full where the taxpayer cannot substantiate the purchases or their source. Section 69C applies when no satisfactory explanation is provided and prevents deduction of the unexplained expenditure. Where suppliers are accommodation-entry concerns and there is no evidence of actual delivery, transport, stock, receipt, or consumption of goods, an estimated addition based on presumed grey-market purchases lacks evidentiary support. The entire bogus-purchase amount is therefore liable to addition; limiting the addition to an estimated profit element is not permissible. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800954