https://www.taxtmi.com/caselaws?id=9799 Cash found in the assessee's possession during search was treated as unexplained because the assessee failed to rebut the rebuttable presumption under section 132(4A) and produced no material showing that the cash belonged to the Congress (I) party. The statements of party officials and verification of the party's books did not support the explanation, and the Tribunal's factual finding on ownership was not shown to be perverse. The section 69A addition was therefore sustained, and no substantial question of law arose. en-us Fri, 02 Jun 2006 00:00:00 +0530 Wed, 01 Jul 2009 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9799 Cash found in the assessee's possession during search was treated as unexplained because the assessee failed to rebut the rebuttable presumption under section 132(4A) and produced no material showing that the cash belonged to the Congress (I) party. The statements of party officials and verification of the party's books did not support the explanation, and the Tribunal's factual finding on ownership was not shown to be perverse. The section 69A addition was therefore sustained, and no substantial question of law arose. Case-Laws Income Tax Fri, 02 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9799