https://www.taxtmi.com/caselaws?id=208982 Seized cash may be assessed as undisclosed income under section 69A where the initial statements and surrounding circumstances coherently establish ownership, and a later alternative explanation is found unreliable. The Court held that the original evidence linked the cash to K.D. Bali, while the appellate authorities had wrongly disregarded material evidence and over-relied on the absence of cross-examination and a subsequent superdari release of the vehicle; the deletion of the addition was therefore perverse. Once ownership was attributed to K.D. Bali, the writ petitioners had no right to return of the cash, and the amount in the custody of the Directorate of Enforcement could be remitted to the Income Tax Department towards tax dues. en-us Thu, 17 Feb 2011 00:00:00 +0530 Sat, 03 Aug 2013 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208982 Seized cash may be assessed as undisclosed income under section 69A where the initial statements and surrounding circumstances coherently establish ownership, and a later alternative explanation is found unreliable. The Court held that the original evidence linked the cash to K.D. Bali, while the appellate authorities had wrongly disregarded material evidence and over-relied on the absence of cross-examination and a subsequent superdari release of the vehicle; the deletion of the addition was therefore perverse. Once ownership was attributed to K.D. Bali, the writ petitioners had no right to return of the cash, and the amount in the custody of the Directorate of Enforcement could be remitted to the Income Tax Department towards tax dues. Case-Laws Income Tax Thu, 17 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208982