Unaccounted Cash Sales Reconciled with Invoices and Stock: ITAT Upholds Deletion of ₹30 Lakh Addition u/s 69C

The ITAT (Income Tax Appellate Tribunal) has upheld the deletion of a ₹30 lakh addition made under Section 69C, after the taxpayer successfully reconciled unaccounted cash sales with supporting invoices and stock records. The tribunal's decision reaffirms that an addition for unexplained expenditure or sales cannot be sustained if the taxpayer can provide a plausible explanation supported by documentary evidence. This ruling reinforces the principle that the burden of proof is discharged once an explanation is provided and corroborated, and tax authorities cannot rely on mere suspicion.