https://www.taxtmi.com/caselaws?id=772670 The SC/Tribunal analyzed the applicability of Section 69A and Section 115BBE of the Income-tax Act regarding unexplained money in employees' bank accounts. The court held that mere employer control does not establish ownership of funds. The revenue failed to prove the assessee owned the credited amounts. Consequently, the tribunal deleted the Rs. 7,01,769/- addition, emphasizing the revenue's burden to establish fund ownership before making unexplained income assessments. en-us Wed, 09 Apr 2025 00:00:00 +0530 Tue, 10 Jun 2025 17:56:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772670 The SC/Tribunal analyzed the applicability of Section 69A and Section 115BBE of the Income-tax Act regarding unexplained money in employees' bank accounts. The court held that mere employer control does not establish ownership of funds. The revenue failed to prove the assessee owned the credited amounts. Consequently, the tribunal deleted the Rs. 7,01,769/- addition, emphasizing the revenue's burden to establish fund ownership before making unexplained income assessments. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772670