2019 (1) TMI 601

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..... 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. Du .....

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..... any finding of fact is so perverse that it gives rise to a question of law. In this case we are concerned with section 69C of the said Act. It is in the following terms. [S.69C. Unexplained expenditure, etc. Where in any financial year an assessee has incurred any expenditure and he offers no explanation about the source of such expenditure or part thereof, or the explanation, if any, of .....

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..... 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. No order as to costs. Certified phot .....

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