https://www.taxtmi.com/caselaws?id=772372 Cash found and seized from an assessee's locker during search proceedings was treated as unexplained money under section 69A because the explanation that it belonged to M/s. Shree Balaji Trading Company was rejected by the Assessing Officer and CIT(A). On appeal, the ITAT Delhi found no contrary material to dislodge the concurrent factual findings of the lower authorities. The addition was therefore upheld and the challenge to the unexplained-money assessment failed. en-us Wed, 28 May 2025 00:00:00 +0530 Sat, 07 Jun 2025 08:32:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772372 Cash found and seized from an assessee's locker during search proceedings was treated as unexplained money under section 69A because the explanation that it belonged to M/s. Shree Balaji Trading Company was rejected by the Assessing Officer and CIT(A). On appeal, the ITAT Delhi found no contrary material to dislodge the concurrent factual findings of the lower authorities. The addition was therefore upheld and the challenge to the unexplained-money assessment failed. Case-Laws Income Tax Wed, 28 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772372