https://www.taxtmi.com/caselaws?id=55285 The Tribunal allowed the appeal in part, deeming the addition under section 69C of the Income-tax Act unjustified. It emphasized the necessity for conclusive evidence before invoking such provisions, highlighting that payments to contractors, even if considered unexplained expenditure, should be deductible while computing business profits. The Tribunal modified the Commissioner (Appeals) order, directing the Income Tax Officer to act in accordance with the law. en-us Thu, 14 Aug 1986 00:00:00 +0530 Thu, 25 Nov 2010 11:43:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55285 The Tribunal allowed the appeal in part, deeming the addition under section 69C of the Income-tax Act unjustified. It emphasized the necessity for conclusive evidence before invoking such provisions, highlighting that payments to contractors, even if considered unexplained expenditure, should be deductible while computing business profits. The Tribunal modified the Commissioner (Appeals) order, directing the Income Tax Officer to act in accordance with the law. Case-Laws Income Tax Thu, 14 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55285