https://www.taxtmi.com/caselaws?id=178376 The Tribunal upheld the decision to add the cash amount to the assessee's income under section 132(4A) of the Income-tax Act, 1961, due to the failure to explain the source of the cash found during a search operation. The rejection of additional evidence, including an affidavit, was justified as lacking evidentiary value. The burden of proof was on the assessee to establish the source of the cash, which was not adequately done through documentary evidence. Consequently, the appeal was dismissed, emphasizing the necessity of meeting the burden of proof in such cases. en-us Wed, 30 Nov 2011 00:00:00 +0530 Wed, 03 Feb 2016 14:55:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178376 The Tribunal upheld the decision to add the cash amount to the assessee's income under section 132(4A) of the Income-tax Act, 1961, due to the failure to explain the source of the cash found during a search operation. The rejection of additional evidence, including an affidavit, was justified as lacking evidentiary value. The burden of proof was on the assessee to establish the source of the cash, which was not adequately done through documentary evidence. Consequently, the appeal was dismissed, emphasizing the necessity of meeting the burden of proof in such cases. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178376