https://www.taxtmi.com/caselaws?id=376259 The Tribunal allowed the appeal, overturning the decisions of the lower authorities, emphasizing that the assessee adequately explained the source of cash found during the search operation, discharging the burden of proof imposed on him. The Tribunal disagreed with the CIT(A)'s reasoning and held that the assessee's explanation was acceptable, reversing the addition made under section 69A of the Income Tax Act. en-us Thu, 28 Feb 2019 00:00:00 +0530 Sat, 30 Mar 2019 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376259 The Tribunal allowed the appeal, overturning the decisions of the lower authorities, emphasizing that the assessee adequately explained the source of cash found during the search operation, discharging the burden of proof imposed on him. The Tribunal disagreed with the CIT(A)'s reasoning and held that the assessee's explanation was acceptable, reversing the addition made under section 69A of the Income Tax Act. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376259