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Informative

ITAT Upholds CIT(A) Deletion of ₹2.17 Crore Addition u/s 69C Due to Lack of Evidence on Unexplained Expenditure

Update / Judgement Date

13 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income TaxOther Legal Matters

The ITAT has upheld a CITA's deletion of a crore addition under Section 69C due to a lack of evidence on unexplained expenditure. The tribunal emphasized the need for proper evidence to support additions. This decision protects taxpayers from arbitrary additions. The ruling clarifies the requirements for Section 69C additions.