https://www.taxtmi.com/caselaws?id=466498 Cash receipts noted in loose papers during survey could not be treated as unexplained money under section 69A where the assessee stated in the section 133A statement that the amounts were business receipts and offered them as additional income. Section 69A applies only when money is found outside the books and the assessee gives no satisfactory explanation as to its nature and source. As the assessee consistently explained the receipts as business income and the Revenue brought no contrary material to show a different source or an untenable explanation, the addition under section 69A was not sustainable and was deleted. en-us Wed, 27 Nov 2024 00:00:00 +0530 Tue, 10 Feb 2026 19:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466498 Cash receipts noted in loose papers during survey could not be treated as unexplained money under section 69A where the assessee stated in the section 133A statement that the amounts were business receipts and offered them as additional income. Section 69A applies only when money is found outside the books and the assessee gives no satisfactory explanation as to its nature and source. As the assessee consistently explained the receipts as business income and the Revenue brought no contrary material to show a different source or an untenable explanation, the addition under section 69A was not sustainable and was deleted. Case-Laws Income Tax Wed, 27 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466498