https://www.taxtmi.com/caselaws?id=800578 Section 69A places the burden on the assessee to satisfactorily explain the nature and source of seized cash. A categorical statement under Section 131 admitting individual ownership supported treatment of the cash as unexplained money. A later assertion that the cash belonged to the HUF and represented business funds required credible evidence linking the specific cash to that business. Historical bank withdrawals, alleged debtor recoveries and business advances were insufficient without a cash book, source records, confirmations, invoices or other reliable proof showing cash availability on the seizure date. The unexplained-money treatment was therefore sustained. en-us Wed, 23 Sep 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800578 Section 69A places the burden on the assessee to satisfactorily explain the nature and source of seized cash. A categorical statement under Section 131 admitting individual ownership supported treatment of the cash as unexplained money. A later assertion that the cash belonged to the HUF and represented business funds required credible evidence linking the specific cash to that business. Historical bank withdrawals, alleged debtor recoveries and business advances were insufficient without a cash book, source records, confirmations, invoices or other reliable proof showing cash availability on the seizure date. The unexplained-money treatment was therefore sustained. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800578