Bench: Smt. Diva Singh & Dr. B.R.R. Kumar
292C of the I. T. Act, 1961 the onus lies on the assessee to explain the contents of these documents, sin.ce they were seized from his residence. The assessee was asked to show cause vide order sheet noting dated 13.03.2013 why the expense recorded on these documents should not be treated unexplained expenditure u/s 69C, since he has failed