No further addition required when cash in books are more than physical cash: ITAT Jaipur

Taiyab Khan Vs ACIT (ITAT Jaipur)

ITAT Jaipur held that when the cash found in books are more then physically found no further addition is required to be made in the hands of the assessee. Accordingly, addition towards unexplained cash set aside.

Facts- A survey u/s 133A was conducted at the business premises of the assessee on 27.09.2016.During survey proceedings, physical cash was found at Rs.13,07,300/- which was not verifiable from the Books of Accounts whereas as per Cash Book (found during the course of survey proceedings) there was negative cash of Rs

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