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2018 (3) TMI 1590 - BOMBAY HIGH COURTUnexplained expenditure U/Sec. 69 - amount found in the accounts of one Mr. Satishchand G. Mittal as his income received from the assessee - Held that:- Mr. S. G. Mittal had shown the income of ₹ 3,61,500/as his income by way of interest received from the appellant and as such authorities have safely concluded that the company had in fact paid this amount to Shri S. G. Mittal during assessment year 2008-2009 out side its books of account. It tantamounts to unexplained expenditure. The theory that interest was not paid, cannot be accepted. No substantial question of law arises.
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