https://www.taxtmi.com/caselaws?id=195262 The Tribunal dismissed the Revenue's appeal against the deletion of an addition of Rs. 20,00,000 for unexplained cash found in the assessee's bank locker during a search. The Tribunal upheld the CIT(A)'s decision, ruling that double taxation of the same amount was impermissible in law, and therefore, the addition could not be reconsidered in the hands of the assessee. The CIT(A) had directed to assess the cash found in the locker on a substantive basis as part of a company's disclosure, which was final as the company did not appeal. en-us Fri, 06 Jul 2012 00:00:00 +0530 Tue, 24 Oct 2017 17:43:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195262 The Tribunal dismissed the Revenue's appeal against the deletion of an addition of Rs. 20,00,000 for unexplained cash found in the assessee's bank locker during a search. The Tribunal upheld the CIT(A)'s decision, ruling that double taxation of the same amount was impermissible in law, and therefore, the addition could not be reconsidered in the hands of the assessee. The CIT(A) had directed to assess the cash found in the locker on a substantive basis as part of a company's disclosure, which was final as the company did not appeal. Case-Laws Income Tax Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195262