https://www.taxtmi.com/caselaws?id=799289 Section 69A requires a satisfactory explanation of the nature and source of cash or jewellery found. Disclosed and unrebutted opening cash balances supported by returns and financial records may establish the source where they exceed the cash found; cash is fungible, so physical continuity or identity of currency notes need not be shown. Family wealth-tax disclosures and documented bullion purchases may similarly establish aggregate jewellery availability. Once documented availability exceeds the quantity found, the burden shifts to the Revenue to establish disposal of disclosed assets or an undisclosed acquisition. Conjecture, household-expense assumptions, and item-wise matching demands cannot replace evidence. en-us Mon, 10 Aug 2026 00:00:00 +0530 Sat, 19 Sep 2026 08:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799289 Section 69A requires a satisfactory explanation of the nature and source of cash or jewellery found. Disclosed and unrebutted opening cash balances supported by returns and financial records may establish the source where they exceed the cash found; cash is fungible, so physical continuity or identity of currency notes need not be shown. Family wealth-tax disclosures and documented bullion purchases may similarly establish aggregate jewellery availability. Once documented availability exceeds the quantity found, the burden shifts to the Revenue to establish disposal of disclosed assets or an undisclosed acquisition. Conjecture, household-expense assumptions, and item-wise matching demands cannot replace evidence. Case-Laws Income Tax Mon, 10 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799289