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2019 (1) TMI 601 - HC - Income TaxAddition u/s 69C - Unexplained expenditure - Held that:- The wording of the section suggests that it concerns only facts. No element of law is involved here save and except finding of facts which would amount to perversity in the finding of facts. The assessee has given some explanation for the questioned expenditure. The explanation given by the assessee is a plausible one. If a better explanation from the assessee was expected but nonetheless the assessee has given one which is plausible, this Court under section 260A cannot overrule that finding of facts and substitute its own finding. For those reasons, once again appreciating the argument of Mr. Dudheria we dismiss the appeal.
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