Just a moment...

Report
FeedbackReport
Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Cash Found in Bedroom Sparks Joint Possession Presumption; Stridhan Possibility Considered u/s 69A for Unexplained Money.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Addition u/s 69A - The undisputed fact is that cash was found from the bedroom of the appellant and, therefore, it can be safely presumed that it was in joint possession of the assessee and his wife - The possession of cash as Stridhan cannot be ruled out in the light of the customs prevailing in the society.....