https://www.taxtmi.com/caselaws?id=444471 The Tribunal allowed the appeal of the assessee, determining that the addition of Rs. 18,95,859 was unjustified. It concluded that the cash found during the search was satisfactorily explained through the company's records and the family members' statements. The Tribunal disagreed with the CIT(A)'s estimation of expenses and found that no further addition was necessary, as the cash was adequately accounted for in the company's books and the family members' statements. en-us Wed, 11 Oct 2023 00:00:00 +0530 Tue, 17 Oct 2023 08:38:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444471 The Tribunal allowed the appeal of the assessee, determining that the addition of Rs. 18,95,859 was unjustified. It concluded that the cash found during the search was satisfactorily explained through the company's records and the family members' statements. The Tribunal disagreed with the CIT(A)'s estimation of expenses and found that no further addition was necessary, as the cash was adequately accounted for in the company's books and the family members' statements. Case-Laws Income Tax Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444471