No addition u/s 69A in absence of ownership of money and evidence concerning cash

DCIT Vs Yograj Arora (ITAT Delhi)

Conclusion: Addition under section 69A on account of actual cash arranged/paid by assessee to HKA was available with the assessee was not justified as “ownership” of money had not been recorded in the books of account and AO had made only presumption that the said cash was ‘available with the assessee’ without bringing on record any material in support thereof.

Held: Search was conducted under Section 132(1) at the

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