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Facts
The assessee's appeal for AY 2022-23 pertains to an addition of Rs. 9 lacs treated as unexplained cash confiscated at the airport. This addition was made u/s 69A and upheld by the lower authorities.
Held
The Tribunal found merit in the assessee's case, attributing the cash to withdrawals from his firm, Nikunj Developers. The Revenue's rejection was based on conjectures and surmises, not merits.
Key Issues
Whether the cash confiscated at the airport, treated as unexplained and added to income, could be explained as withdrawals from the assessee's firm.
Sections Cited
69A, 143(3)
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Income Tax Appellate Tribunal, DELHI BENCH ‘SMC’, NEW DELHI
Before: Sh. Satbeer Singh Godara
ORDER This assessee’s appeal for Assessment Year 2022-23, arises against the CIT(A)/NFAC, Delhi’s DIN & order No. ITBA/APL/S/250/2025-26/1077346685(1) dated 23.06.2025, in proceedings u/s 143(3) of the Income Tax Act, 1961 (in short “the Act”). 2. Heard both the parties at length. Case file perused. 3. This tribunal notices at the outset that both the lower authorities have treated the assessee’s cash found/ seized of Rs. 18 lacs, 2 5092/Del/2025 Nand Kishor Garg