https://www.taxtmi.com/caselaws?id=65097 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 7,59,000 under Section 69A of the Income Tax Act. The majority decision held that the assessee's explanation regarding the currency being handed over for delivery was credible, rebutting the presumption of ownership under Section 69A. The Third Member emphasized that the burden of proving ownership was not discharged by the Department and found the explanation consistent with the nature of the assessee's job as a stewardess, ultimately allowing the assessee's appeal. en-us Thu, 05 Aug 1999 00:00:00 +0530 Sat, 12 Feb 2011 13:06:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65097 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 7,59,000 under Section 69A of the Income Tax Act. The majority decision held that the assessee's explanation regarding the currency being handed over for delivery was credible, rebutting the presumption of ownership under Section 69A. The Third Member emphasized that the burden of proving ownership was not discharged by the Department and found the explanation consistent with the nature of the assessee's job as a stewardess, ultimately allowing the assessee's appeal. Case-Laws Income Tax Thu, 05 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65097