Scope of provision : Where Assessing Officer made addition under section 69C in respect of unexplained investment in purchase of raw-material and subsequent manufacturing expenditure on unaccounted raw-material for manufacturing of boxes of vitrified tiles on basis of report furnished by Central Excise Department that assessee was involved in clandestine removal of boxes of finished goods, since Assessing Officer had not recorded any finding of any undisclosed investment found as a result of search by Excise Department and had only assumed undisclosed investment being source of purchases recorded for subsequent sales, impugned addition was unjustified – Principal Commissioner of Income-tax 1 v. Simpex Granito (P.) Ltd. – [2024] 164 taxmann.com 351 (Gujarat)