https://www.taxtmi.com/caselaws?id=469232 Cash found during search was not assessable as unexplained money under section 69A read with section 115BBE where it was shown as cash-in-hand in the books of the assessee's proprietary concern. The record reflected the cash in the concern's accounts on the search date, the assessee was its proprietor, and the explanation that part of the cash found at residence belonged to the business was supported by the books. As the Revenue produced no material to disprove that explanation or show the amount was unavailable as business cash-in-hand, the addition was deleted. en-us Mon, 03 Mar 2025 00:00:00 +0530 Sat, 13 Jun 2026 14:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469232 Cash found during search was not assessable as unexplained money under section 69A read with section 115BBE where it was shown as cash-in-hand in the books of the assessee's proprietary concern. The record reflected the cash in the concern's accounts on the search date, the assessee was its proprietor, and the explanation that part of the cash found at residence belonged to the business was supported by the books. As the Revenue produced no material to disprove that explanation or show the amount was unavailable as business cash-in-hand, the addition was deleted. Case-Laws Income Tax Mon, 03 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469232