https://www.taxtmi.com/caselaws?id=437775 Cash found with the assessee could not be taxed as unexplained money where the cash book, bank statement and ledger showed that the balance arose from recorded professional receipts already offered to tax. The date-wise receipts and cash position were reconciled with the books, and the available cash on the relevant date was sufficient. As the statutory condition for invoking section 69A was not met and the source explanation was accepted as satisfactory, the addition was deleted. en-us Fri, 12 May 2023 00:00:00 +0530 Mon, 15 May 2023 08:24:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437775 Cash found with the assessee could not be taxed as unexplained money where the cash book, bank statement and ledger showed that the balance arose from recorded professional receipts already offered to tax. The date-wise receipts and cash position were reconciled with the books, and the available cash on the relevant date was sufficient. As the statutory condition for invoking section 69A was not met and the source explanation was accepted as satisfactory, the addition was deleted. Case-Laws Income Tax Fri, 12 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437775