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Income Tax - Highlights / Catch Notes

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Addition of unexplained cash not recorded in the books of ...


Court Rules Unexplained Cash Can Be Added to Income u/s 69A, Even Without Initial Seizure or Return.

March 21, 2017

Case Laws     Income Tax     HC

Addition of unexplained cash not recorded in the books of account u/s 69A - Merely because, at the relevant time aforesaid amount was not seized and returned, it cannot be said that the subsequently during the course of assessment, the aforesaid amount which was found in cash from the premises of the assessee could not have been added as unexplained income - HC

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