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Cash Possession Doesn’t Prove Ownership, 69A Addition Fails
Case Law Details
- Case Name
- ACIT Vs Antonysamy Antonyxavier (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2019-20
- Courts
- All ITAT, ITAT Chennai
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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 th...
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