https://www.taxtmi.com/caselaws?id=441517 The Tribunal allowed the appeal filed by the assessee, setting aside the CIT (A)'s order and directing the Assessing Officer to delete the addition of unexplained money under section 69A of the Income Tax Act. The Tribunal found merit in the appellant's arguments, considering the appellant's regular compliance with tax obligations and consistent declaration of income. It concluded that the availability of the cash balance should not have been doubted as unexplained, given the appellant's financial history and the circumstances surrounding the search operation. en-us Fri, 24 Mar 2023 00:00:00 +0530 Thu, 10 Aug 2023 07:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441517 The Tribunal allowed the appeal filed by the assessee, setting aside the CIT (A)'s order and directing the Assessing Officer to delete the addition of unexplained money under section 69A of the Income Tax Act. The Tribunal found merit in the appellant's arguments, considering the appellant's regular compliance with tax obligations and consistent declaration of income. It concluded that the availability of the cash balance should not have been doubted as unexplained, given the appellant's financial history and the circumstances surrounding the search operation. Case-Laws Income Tax Fri, 24 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441517