#genuineness of transactions

ITAT Delhi clarifies that Section 69C of the Income Tax Act mandates disallowance only when the source of expenditure remains unexplained, not merely when transaction genuineness is doubted. The ruling shields taxpayers from additions where payments are traceable, even if vendors fail to respond or services are unverified.

Delhi ITAT holds that repayment of unsecured loans with interest, supported by MCA records and bank statements, discharges assessee's burden under Section 68; no addition permissible without concrete evidence of accommodation entries.