Held that the seized cash had been separately reflected in the audited balance-sheet and included in the income from sale of scrap offered to tax the cash found and seized stood duly accounted for. Deletion of addition is held to be justified. (AY. 2011-12 to 2013-14)
ACIT v. Claridges Hotels Pvt. Ltd. (2021) 86 ITR 402 (Delhi)(Trib.)
S. 69A : Unexplained money-Cash found during search-Sale of scrap-Cash was reflected in the balance sheet-Addition cannot be made. [S. 153A]