Addition in hands of one partner invoking section 69A not justified as seized cash belongs to firm

Chatru Vs DCIT (ITAT Jaipur) ITAT Jaipur held that seized cash belongs to the firm and not of the assessee alone and hence invoking provisions of section 69A of the Income Tax Act in the hands of assessee misconceived. Accordingly, addition is directed to be deleted. Facts- The assessee is an individual and derives income from sale of milk and agricultural income. Cash of Rs. 95,89,000/- was seized from Shri Chatru Lal Meena and Shri Chatru Lal Meena was unable to explain the source of cash found, the SHO, GRP Thana, Kota has seized the cash of Rs. 95,89,000/-and intimated to IT Department. AO...