https://www.taxtmi.com/caselaws?id=773826 The Tribunal dismissed the assessee's appeal, upholding additions of Rs.36 lakhs cash and gold coins worth Rs.1,97,600 as undisclosed income under section 115BBE at 60% tax rate. The cash found during search at third-party premises was claimed as business receipts but lacked documentary evidence and was not disclosed in the original return filed after search operations. The Tribunal rejected the business income claim due to absence of supporting material and initial non-disclosure. Regarding gold coins, the Tribunal found CBDT Instruction No.1916 inapplicable as it pertains to jewellery, not coins, and no satisfactory explanation was provided for their possession. en-us Thu, 26 Jun 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773826 The Tribunal dismissed the assessee's appeal, upholding additions of Rs.36 lakhs cash and gold coins worth Rs.1,97,600 as undisclosed income under section 115BBE at 60% tax rate. The cash found during search at third-party premises was claimed as business receipts but lacked documentary evidence and was not disclosed in the original return filed after search operations. The Tribunal rejected the business income claim due to absence of supporting material and initial non-disclosure. Regarding gold coins, the Tribunal found CBDT Instruction No.1916 inapplicable as it pertains to jewellery, not coins, and no satisfactory explanation was provided for their possession. Case-Laws Income Tax Thu, 26 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773826