Unexplained Cash Upheld When Search Confession Is Clear

ACT Vs Nethi Ravi (ITAT Hyderabad) Statement u/s 132(4) Prevails Over Afterthought: ITAT Hyderabad Restores ₹2.15 Cr Addition u/s 69A Hyderabad ITAT ‘DB-A’ Bench, in ACIT  vs. Shri Nethi Ravi (ITA No.594/Hyd/2024, AY 2021-22, order dated 24.12.2025), allowed the Revenue’s appeal and restored addition of ₹2,15,49,000 u/s 69A, reversing the relief granted by the CIT(A). During a search u/s 132 in Spectra India Group, cash of ₹4.65 crore was found at the residence of the assessee, a Director in the Group. In his statement u/s 132(4), the assessee categorically admitted that ₹2.50 c...