https://www.taxtmi.com/highlights?id=57375 Undisclosed income - uring the course of search cash sum was found - If the Ld. A.O was not satisfied with the cash in hand shown by the assessee and individuals as on 31.3.2016 he should have taken necessary action during Assessment Year 2016-17 but in absence there of it has to be presumed that the Ld. A.O has accepted the position of cash in hand as on 31.3.2016 shown by the assessee firm and its partners and wife of the partner which stood. - A.O was not justified in making the addition towards cash as explained - AT en-us Sat, 27 Mar 2021 13:04:52 +0530 Sat, 27 Mar 2021 13:04:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57375 Undisclosed income - uring the course of search cash sum was found - If the Ld. A.O was not satisfied with the cash in hand shown by the assessee and individuals as on 31.3.2016 he should have taken necessary action during Assessment Year 2016-17 but in absence there of it has to be presumed that the Ld. A.O has accepted the position of cash in hand as on 31.3.2016 shown by the assessee firm and its partners and wife of the partner which stood. - A.O was not justified in making the addition towards cash as explained - AT Highlights Income Tax Sat, 27 Mar 2021 13:04:52 +0530 https://www.taxtmi.com/highlights?id=57375