2009 (3) TMI 6 - HC - Income Tax

Cash found during search source of the cash - explanation of the assessee - there are concurrent findings against the Appellant that the explanation tendered by him that the cash belonged to Cain Technology India Pvt. Ltd. was an afterthought - there is no perversity in the findings of the fact arrived at in the impugned Judgment - No substantial question of law arises for our consideration

Summary

The High Court dismissed the appeal in ITA 319/2009, as there were concurrent findings against the Appellant regarding the ownership of a sum of Rs 2.85 lacs. The explanation provided was deemed an afterthought, and no substantial question of law arose for consideration.