https://www.taxtmi.com/caselaws?id=10289 The High Court upheld the Tribunal's decision to delete the addition of Rs. 14.20 lakhs made by the Assessing Officer on account of unexplained cash seized during a search under section 132 of the Income-tax Act, 1961. The Court found that the Tribunal's assessment was thorough and supported by evidence, concluding that the Assessing Officer had not proven the absence of cash in hand or the expenditure of the seized amount. Therefore, the High Court dismissed the appeal, affirming the deletion of the addition. en-us Fri, 06 Aug 2004 00:00:00 +0530 Mon, 13 Jul 2009 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10289 The High Court upheld the Tribunal's decision to delete the addition of Rs. 14.20 lakhs made by the Assessing Officer on account of unexplained cash seized during a search under section 132 of the Income-tax Act, 1961. The Court found that the Tribunal's assessment was thorough and supported by evidence, concluding that the Assessing Officer had not proven the absence of cash in hand or the expenditure of the seized amount. Therefore, the High Court dismissed the appeal, affirming the deletion of the addition. Case-Laws Income Tax Fri, 06 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10289