The assessee explained that cash from one Branch was transferred to another Branch because of the closure of the showroom on account of holiday. The entirety of facts that seized records itself shows availability of cash with assessee in books of account. Deletion of addition is held to be justified. (AY. 2010-2011)
Dy.CIT v. Diamond Hut India (P.) Ltd. (2020) 206 TTJ 73 (Mum.)(Trb.)
S. 69A : Unexplained money-Survey-Unexplained cash-Availability of the cash in the books of account-Addition cannot be made. [S. 133A]
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