Mere reflection of unexplained cash in books of accounts not valid ground to delete addition

DCIT Vs Bindal Papers Mills Ltd. (ITAT Delhi) ITAT Delhi held that mere reflection of unexplained cash in the books of accounts without any supportive documents is not valid ground for deletion of the addition by CIT(A). Accordingly, addition towards unexplained cash sustainable. Facts- The assessment proceedings initiated against the assessee, the representative of the assessee has participated in the assessment proceedings. The assessment order came to be passed on 17/12/2018 by making an addition of Rs. 1 crore seized from one Mr. Pankaj Goel on 05/06/2016 which is found to be unaccounted ...