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2018 (12) TMI 54 - AT - Income TaxAddition of the cash found at the time of search - complete justification & explanation. For the availability of cash was given - Held that:- In the present case, the amount was found in the bank locker of the assessee which was joint account along with her husband and no proper explanation or evidence was provided for the amount which was confirmed by the CIT(A). CIT(A) has given a proper partial relief after taking into account the amounts which were gifted to the child of the assessee on various occasions and also as shagun to her from certain occasions. There is nothing new material shown by the assessee as regards the cash found in the locker. Thus, the CIT(A) has correctly confirmed the partial addition - Decided against assessee.
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