Cash Possession Doesn’t Prove Ownership, 69A Addition Fails

ACIT Vs Antonysamy Antonyxavier (ITAT Chennai) Possession ≠ Ownership: Carrier Is Not Owner: Cash Seizure Can’t Mean 69A Addition-ITAT Rejects 69A on School Fee Cash In ACIT, Vs. Antonysamy Antonyxavier, ITA No.2235/Chny/2024, AY 2019-20, order dated 31.12.2025, Chennai ITAT dismissed Revenue’s appeal & upheld deletion of addition of ₹68.14 lakh u/s 69A. Cash was seized during election surveillance from a car driven by Assessee, who was Correspondent of St. Assisi Matric Hr. Sec. School. AO treated seized cash as unexplained money in Assessee’s hands on ground that source was not...