https://www.taxtmi.com/caselaws?id=779718 ITAT held that excess cash found at the business premises could plausibly have arisen from liquidation of surrendered business stock already treated as business income. Finding no evidence by the revenue to rebut that probability, the Tribunal treated the Rs. 8 lakh surrendered cash as business income taxable at normal rates rather than as unexplained income under sections 69/69A, and allowed the assessee's appeal. en-us Wed, 22 Jan 2025 00:00:00 +0530 Sat, 11 Oct 2025 09:01:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779718 ITAT held that excess cash found at the business premises could plausibly have arisen from liquidation of surrendered business stock already treated as business income. Finding no evidence by the revenue to rebut that probability, the Tribunal treated the Rs. 8 lakh surrendered cash as business income taxable at normal rates rather than as unexplained income under sections 69/69A, and allowed the assessee's appeal. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779718