https://www.taxtmi.com/caselaws?id=56557 Corroborated evidence explaining the source and ownership of cash can defeat an addition for unexplained income. On the facts noted, the cash carried by an employee was supported by statements of the employee and growers, confirmatory letters, and transaction records, so the Revenue's objection based on the absence of regular books was insufficient to displace the explanation. The note also states that police seizure powers under criminal procedure are limited to property suspected to be stolen or otherwise connected with an offence; where no lawful basis for seizure exists, the seizure is unwarranted and cannot sustain income-tax action founded on it. en-us Wed, 30 Jun 2004 00:00:00 +0530 Sat, 04 Dec 2010 14:19:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56557 Corroborated evidence explaining the source and ownership of cash can defeat an addition for unexplained income. On the facts noted, the cash carried by an employee was supported by statements of the employee and growers, confirmatory letters, and transaction records, so the Revenue's objection based on the absence of regular books was insufficient to displace the explanation. The note also states that police seizure powers under criminal procedure are limited to property suspected to be stolen or otherwise connected with an offence; where no lawful basis for seizure exists, the seizure is unwarranted and cannot sustain income-tax action founded on it. Case-Laws Income Tax Wed, 30 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56557