https://www.taxtmi.com/caselaws?id=791919 Cash found in an assessee's locker was held not taxable as unexplained money in his hands where the group company owned up the cash before the settlement forum and the dispute had been settled. The fact that the locker stood in the assessee's name was insufficient, because the record supported ownership by the group entity and the first appellate authority accepted that position after the remand report. The assessee's non-participation in the settlement proceedings did not change the outcome once ownership and settlement were established. en-us Wed, 15 Apr 2026 00:00:00 +0530 Wed, 20 May 2026 08:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791919 Cash found in an assessee's locker was held not taxable as unexplained money in his hands where the group company owned up the cash before the settlement forum and the dispute had been settled. The fact that the locker stood in the assessee's name was insufficient, because the record supported ownership by the group entity and the first appellate authority accepted that position after the remand report. The assessee's non-participation in the settlement proceedings did not change the outcome once ownership and settlement were established. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791919