In the result, the appeal of the revenue, ITA No 90/Asr/2020 is dismissed
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
69B was based upon mere presumption without bringing any evidence in support. I.T.A. No.51/Asr/2020: A.Y.: 2014-15 I.T.A. No.53/Asr/2020: A.Y.: 2016-17 The submissions of the AR have been carefully considered. No other evidence corroborating the payment in cash by the assessee has been found during the course of search. Neither any evidence has been collected and brought on record