https://www.taxtmi.com/caselaws?id=773436 The ITAT Raipur allowed the assessee's appeal for statistical purposes in a case involving seized cash and gold-like metal during search operations. The assessee claimed to be a hawala trader earning commission, arguing the seized money belonged to others. The tribunal noted absence of ED proceedings under PMLA Act and emphasized these were not regular business facts but involved interception and confiscation by authorities. The tribunal placed onus on the department to conduct proper enquiry and verification to establish tax evasion or fraudulent devices before sustaining additions, noting that fraud vitiates everything including natural justice principles. en-us Fri, 20 Jun 2025 00:00:00 +0530 Mon, 23 Jun 2025 08:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773436 The ITAT Raipur allowed the assessee's appeal for statistical purposes in a case involving seized cash and gold-like metal during search operations. The assessee claimed to be a hawala trader earning commission, arguing the seized money belonged to others. The tribunal noted absence of ED proceedings under PMLA Act and emphasized these were not regular business facts but involved interception and confiscation by authorities. The tribunal placed onus on the department to conduct proper enquiry and verification to establish tax evasion or fraudulent devices before sustaining additions, noting that fraud vitiates everything including natural justice principles. Case-Laws Income Tax Fri, 20 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773436