ITAT Hyderabad: Partial Relief in Cash Seizure Case; Mother’s Explained Sources Accepted on Probabilities

Vittal Bussa Vs DCIT (ITAT Hyderabad) In this case, cash of ₹65.71 lakh was found during a search, out of which ₹22 lakh was claimed by the assessee to belong to his mother. The AO rejected the explanation and added ₹22 lakh as unexplained money. The CIT(A), after considering additional evidence and remand report, granted partial relief of ₹14 lakh and sustained ₹8 lakh. Before the ITAT, the Tribunal upheld the CIT(A)’s approach of accepting only substantiated portions. It agreed that estimation of ₹5 lakh as savings from the mother’s flour mill business was reasonable based on...