TMI BlogAddition u/s 69A - cash balance on account of withdrawal from different bank accounts - The mere fact of...Addition u/s 69A - cash balance on account of withdrawal from different bank accounts - The mere fact of holding cash for a longer period was not a sufficient ground for the addition, especially in the absence of any evidence contradicting the Assessee's explanation. - The principle of human probability does not extend to making assumptions about unexplained cash without concrete evidence. The burden of proof lies with the department to show that the cash in hand is unexplained, especially when the source of the cash is substantiated. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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