https://www.taxtmi.com/caselaws?id=472521 Allowability of expenditure linked to unverified sundry creditors requires examination under Section 37(1) where that provision is invoked. Section 69C is inapplicable when the source of the expenditure is undisputed. The absence of an express statutory reference in the assessment order does not by itself invalidate an addition. Deletion without a specific determination of the claimed expenditure's allowability under Section 37(1) is unsustainable and requires fresh consideration. en-us Wed, 03 Jul 2024 00:00:00 +0530 Wed, 14 Oct 2026 18:11:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472521 Allowability of expenditure linked to unverified sundry creditors requires examination under Section 37(1) where that provision is invoked. Section 69C is inapplicable when the source of the expenditure is undisputed. The absence of an express statutory reference in the assessment order does not by itself invalidate an addition. Deletion without a specific determination of the claimed expenditure's allowability under Section 37(1) is unsustainable and requires fresh consideration. Case-Laws Income Tax Wed, 03 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472521