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2016 (12) TMI 1244 - ITAT MUMBAIAddition on account of alleged unexplained expenditure under section 69C - Held that:- In this entire assessment order, the AO himself has pointed out time and again different persons, who are alleged, to have made cash payments. Even on that count, the additions cannot be sustained in the hands of the assessee. In our considerate view, there being no evidence to support the Revenue’s case that a huge figure, whatever be its quantum , over and above the figure booked in the records and accounts changed hands between the parties, no addition could therefore be made u/s. 69C of the Act to the income of the assessee. - Decided in favour of assessee
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