https://www.taxtmi.com/caselaws?id=184606 A factual finding that the assessee was only a carrier of seized gold, and not its owner, was supported by evidence including his poor financial condition, limited prior income, and the surrounding circumstances of the seizure. On that basis, the deeming addition under section 69A of the Income-tax Act, 1961 could not stand because it applies to unexplained money or valuable articles attributable to ownership. The deletion of the addition was therefore justified, and the Tribunal's conclusion was upheld. en-us Tue, 14 Feb 1984 00:00:00 +0530 Wed, 13 Jul 2016 17:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184606 A factual finding that the assessee was only a carrier of seized gold, and not its owner, was supported by evidence including his poor financial condition, limited prior income, and the surrounding circumstances of the seizure. On that basis, the deeming addition under section 69A of the Income-tax Act, 1961 could not stand because it applies to unexplained money or valuable articles attributable to ownership. The deletion of the addition was therefore justified, and the Tribunal's conclusion was upheld. Case-Laws Income Tax Tue, 14 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184606