Opening Cash Balance Cannot Be Treated Unexplained Solely for Non-Disclosure

Samir Mahesh Shah Vs DCIT (ITAT Ahmedabad) ITAT Deletes ₹10.98 Lakh Addition Because Nil Cash Disclosure in Earlier ITR Alone Was Insufficient; Opening Cash Balance Cannot Be Treated as Unexplained Because Earlier ITR Showed Nil Cash: ITAT; Section 69A Addition Deleted Because Revenue Relied on Presumptions Instead of Evidence; ITAT Removes Cash Addition Because Financial Capacity Supported Opening Cash Balance; ₹10.98 Lakh Cash Addition Quashed Because Earlier Return Format Did Not Require Balance Sheet Disclosure The Income Tax Appellate Tribunal (ITAT), Ahmedabad, allowed the assessee�...