Evidence-based attribution of unaccounted money upheld, sustaining the reduced addition for the assessee.

Reduction of the addition relating to unaccounted money was upheld because the appellate findings were supported by evidence establishing the assessee's accountability for the identified component of the relevant transactions. No basis was found to interfere with those findings, and the reduced addition was sustained in the assessee's favour.

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Issues: Whether the reduction of the addition from Rs. 4.42 crore to Rs. 2.20 crore was justified.

Analysis: The appellate findings were based on the evidence establishing the assessee's accountability only to the extent of Rs. 4.42 crore as his component of unaccounted money in the relevant transactions. No basis was found to disturb those findings.

Conclusion: The reduction of the addition was upheld in favour of the assessee.

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