https://www.taxtmi.com/caselaws?id=301514 The Income Tax Appellate Tribunal's decision to delete the addition of Rs. 25 Lacs made by the Assessing Officer on account of cash found and seized during a search was upheld by the High Court. The Court found that the Assessing Officer's addition was based on suspicion and lacked a satisfactory explanation, while the Commissioner of Income Tax (Appeals) and Tribunal both supported the assessee's position with evidence from the cash book and employee statements. The High Court determined that the appeal did not present any substantial question of law and dismissed it based on factual findings. en-us Thu, 06 Sep 2012 00:00:00 +0530 Tue, 26 May 2026 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301514 The Income Tax Appellate Tribunal's decision to delete the addition of Rs. 25 Lacs made by the Assessing Officer on account of cash found and seized during a search was upheld by the High Court. The Court found that the Assessing Officer's addition was based on suspicion and lacked a satisfactory explanation, while the Commissioner of Income Tax (Appeals) and Tribunal both supported the assessee's position with evidence from the cash book and employee statements. The High Court determined that the appeal did not present any substantial question of law and dismissed it based on factual findings. Case-Laws Income Tax Thu, 06 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301514