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2019 (9) TMI 378 - ITAT MUMBAI
Addition u/s 69A - Undisclosed cash balances in HSBC account - search and seizure action u/s 132 - HELD THAT:- Identical issue had been considered by the co-ordinate bench of ITAT, Mumbai ‘A’ Bench in assessee own case for AY 2006-07 following the decision of Hon’ble Bombay High Court, in the case of CIT vs Murali Agro Product.Ltd [2010 (10) TMI 1052 - BOMBAY HIGH COURT] deleted additions made by the AO wherein held assessee is neither owner of bank account nor had any beneficial interest in those bank accounts and hence, the same cannot be added in the hands of the assessee as unexplained money u/s 69A - Decided in favour of assessee.