https://www.taxtmi.com/caselaws?id=400719 The Tribunal partially upheld the addition of Rs. 15,90,000 to the assessee's income due to unsubstantiated explanations for the seized cash. However, it accepted the deletion of Rs. 5,20,000 by the CIT(A), granting partial relief. The reallocation of cash between the assessee and her husband was upheld, with Rs. 16,33,000 attributed to the assessee and Rs. 4,60,000 to her husband. Affidavits and confirmations from relatives and friends were deemed lacking credibility. The decision was pronounced on 02.11.2020, with the appeal partly allowed. en-us Mon, 02 Nov 2020 00:00:00 +0530 Mon, 16 Nov 2020 17:33:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400719 The Tribunal partially upheld the addition of Rs. 15,90,000 to the assessee's income due to unsubstantiated explanations for the seized cash. However, it accepted the deletion of Rs. 5,20,000 by the CIT(A), granting partial relief. The reallocation of cash between the assessee and her husband was upheld, with Rs. 16,33,000 attributed to the assessee and Rs. 4,60,000 to her husband. Affidavits and confirmations from relatives and friends were deemed lacking credibility. The decision was pronounced on 02.11.2020, with the appeal partly allowed. Case-Laws Income Tax Mon, 02 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400719