Held that the assessee failed to produce the evidence that cash found was money realized on sale of livestock (cows) and grapes by his HUF and that the same was kept with PNG for safe custody. Addition is affirmed. (AY.2020-21)
Bhushan Ravindra Dandavate v. Dy.CIT(2023) 37 NYPTTJ 1660 / (2024) 227 TTJ 1005 / 234 DTR 125 (Pune)(Trib)
S. 153C : Assessment-Income of any other person-Search-Cash found in the premises-Cash kept for safe custody-No evidence produced to substantiate the claim-Addition is affirmed.