Dismissing the appeal of the assessee the Court held that since assessee did not bring any material on record to enable revenue authorities to determine his earning from illegal capitalisation fees addition to income on the basis seized material is held to be justified.
Arvind Janardhan Pandey v. ITO (2019) 262 Taxman 401 (Bom.)(HC)
S. 69A : Unexplained money – Search and seizure-illegal capitation fees –Addition on estimate basis is held to be justified.