https://www.taxtmi.com/caselaws?id=376442 The Tribunal found that the assessee successfully demonstrated that a significant portion of the cash found during the search belonged to various individuals and not to the assessee. The Tribunal accepted the explanation provided by the assessee regarding the source of the cash and the cash flow statement submitted, concluding that the addition of Rs. 5,62,000/- as unexplained cash by the Assessing Officer was not justified. The Tribunal set aside the CIT(A)'s order and deleted the addition, allowing the appeal of the assessee. en-us Thu, 28 Feb 2019 00:00:00 +0530 Sat, 09 Mar 2019 07:49:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376442 The Tribunal found that the assessee successfully demonstrated that a significant portion of the cash found during the search belonged to various individuals and not to the assessee. The Tribunal accepted the explanation provided by the assessee regarding the source of the cash and the cash flow statement submitted, concluding that the addition of Rs. 5,62,000/- as unexplained cash by the Assessing Officer was not justified. The Tribunal set aside the CIT(A)'s order and deleted the addition, allowing the appeal of the assessee. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376442