During the search cash was found in the premises of Director. The company admitted that it had received the cash as share capital. Tribunal held that order of CIT(A) for read judication of the matter is held to be proper. (AY. 1997-98)
Awanindra Singh. v. DCIT (2019) 176 ITD 355 / 180 DTR 17/ 200 TTJ 427 (Delhi) (Trib.)/Computerland Integrators (India) Ltd v Dy CIT ( 2019) 200 TTJ 427 /180 DTR 17 ( Delhi) (Trib)
S. 69A : Unexplained money–Seizer of cash from director- Company had shown to have received cash as share capital- Matter remanded for read judication.