https://www.taxtmi.com/caselaws?id=291532 Cash found at a common residence and in a joint locker could not be assessed in the assessee's hands on a substantive basis where the wife claimed ownership and explained the source and use of the money. Her statement was consistent with the surrounding facts, including repeated operation of the locker by her and no recent operation by the assessee. Joint residence or locker connection, by itself, was insufficient to treat the cash as belonging to the assessee. The further addition linked to the other locker was also inconsistent with the finding that the cash belonged to the wife. The additions in the assessee's hands were therefore directed to be deleted. en-us Mon, 17 Aug 2015 00:00:00 +0530 Sun, 15 Nov 2020 10:51:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291532 Cash found at a common residence and in a joint locker could not be assessed in the assessee's hands on a substantive basis where the wife claimed ownership and explained the source and use of the money. Her statement was consistent with the surrounding facts, including repeated operation of the locker by her and no recent operation by the assessee. Joint residence or locker connection, by itself, was insufficient to treat the cash as belonging to the assessee. The further addition linked to the other locker was also inconsistent with the finding that the cash belonged to the wife. The additions in the assessee's hands were therefore directed to be deleted. Case-Laws Income Tax Mon, 17 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291532