https://www.taxtmi.com/caselaws?id=71630 Cash found in the possession of a deceased person may not be added as unexplained money under section 69A merely on the basis of possession. The provision is discretionary and must be applied on the surrounding circumstances, including whether the source of funds was within the deceased's exclusive knowledge and whether the facts support an inference of ownership. Where the deceased was a minor, had recently stopped schooling, and there was no material showing capacity to earn the amount, the presumption of ownership was rejected. On those facts, the addition under section 69A was held unsustainable and deleted. en-us Thu, 12 Apr 2001 00:00:00 +0530 Tue, 26 Apr 2011 12:05:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71630 Cash found in the possession of a deceased person may not be added as unexplained money under section 69A merely on the basis of possession. The provision is discretionary and must be applied on the surrounding circumstances, including whether the source of funds was within the deceased's exclusive knowledge and whether the facts support an inference of ownership. Where the deceased was a minor, had recently stopped schooling, and there was no material showing capacity to earn the amount, the presumption of ownership was rejected. On those facts, the addition under section 69A was held unsustainable and deleted. Case-Laws Income Tax Thu, 12 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71630