Unexplained money - in cases where unaccounted entries are found ...
Section 69A of the Income Tax Act not applicable to unexplained money entries in books; only to discovered valuables.
January 30, 2016
Case Laws Income Tax AT
Unexplained money - in cases where unaccounted entries are found recorded in the books or documents seized, section 69A cannot be invoked. This provision can be invoked only when unaccounted cash, bullion, jewellery or any other valuable article or thing is found during search or otherwise - AT
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