https://www.taxtmi.com/highlights?id=55323 Addition u/s.69A r/w Sec. 115BBE - unexplained cash found during search - Locker was last operated on 29.10.2015. The fact that the locker has not been operated in the assessment year 2017 -18 is before the revenue authorities. Hence, the amount deemed to have been undisclosed income for the assessment year 2016-17 whereas the amount has been brought to tax for the assessment year 2017 -18. Hence, the addition made in the AY 2017-18 cannot be upheld. - AT en-us Thu, 29 Oct 2020 09:29:15 +0530 Thu, 29 Oct 2020 09:29:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55323 Addition u/s.69A r/w Sec. 115BBE - unexplained cash found during search - Locker was last operated on 29.10.2015. The fact that the locker has not been operated in the assessment year 2017 -18 is before the revenue authorities. Hence, the amount deemed to have been undisclosed income for the assessment year 2016-17 whereas the amount has been brought to tax for the assessment year 2017 -18. Hence, the addition made in the AY 2017-18 cannot be upheld. - AT Highlights Income Tax Thu, 29 Oct 2020 09:29:15 +0530 https://www.taxtmi.com/highlights?id=55323