https://www.taxtmi.com/caselaws?id=59669 Seized cash could not be assessed as unexplained money in the assessee's hands under section 69A where the assessee produced statements, affidavits and supporting material showing that the money belonged to identified third parties who had advanced funds for goat purchases. The Revenue brought no contrary material to disprove ownership, and the addition rested only on presumption and ad hoc estimation of capacity. On that evidentiary record, section 69A was not properly invoked and the addition of unexplained cash was deleted. en-us Fri, 15 Apr 2005 00:00:00 +0530 Fri, 31 Dec 2010 13:52:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59669 Seized cash could not be assessed as unexplained money in the assessee's hands under section 69A where the assessee produced statements, affidavits and supporting material showing that the money belonged to identified third parties who had advanced funds for goat purchases. The Revenue brought no contrary material to disprove ownership, and the addition rested only on presumption and ad hoc estimation of capacity. On that evidentiary record, section 69A was not properly invoked and the addition of unexplained cash was deleted. Case-Laws Income Tax Fri, 15 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59669