https://www.taxtmi.com/caselaws?id=799497 Section 69A places the burden on a person found in possession of cash to provide a credible, corroborated explanation of its source and ownership. A claim that cash belonged to third parties is insufficient where their particulars are incomplete, they cannot be verified, and no evidence establishes the source or ownership of the money. Mere denial of ownership, particularly when no claimant emerges over time, does not rebut the presumption arising from possession. Cash lacking a satisfactorily supported explanation may therefore be assessed as unexplained money. en-us Mon, 29 Jun 2026 00:00:00 +0530 Wed, 23 Sep 2026 08:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799497 Section 69A places the burden on a person found in possession of cash to provide a credible, corroborated explanation of its source and ownership. A claim that cash belonged to third parties is insufficient where their particulars are incomplete, they cannot be verified, and no evidence establishes the source or ownership of the money. Mere denial of ownership, particularly when no claimant emerges over time, does not rebut the presumption arising from possession. Cash lacking a satisfactorily supported explanation may therefore be assessed as unexplained money. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799497