Hemant Samarataji Lohar v. CIT(A) [2024] 163 taxmann.com 292 (SMC) (Mum)(Trib)

S. 69A: Unexplained moneys – Search – Cash seized during search – Explained the source of cash – Addition is deleted. [S. 132]

During the search conducted at premises of assessee, cash amount of certain amount was found and seized, since assessee disclosed source of said cash having been accumulated/received from relatives on various occasions as well as by family members of assessee which assessee had also recorded in his books of account, impugned addition u/s 69A made on account of said amount seized was to be deleted. (AY. 2019-20)

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