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₹8.66 crore cash trail found on woman's computer during Income Tax raid: Why ITAT gave her a clean chit
Mint 1 hr ago·3 Nov 2026, 6:02 pm
During a recent Income Tax (IT) raid, authorities discovered ₹8.66 crore in cash transactions on a woman's computer. This discovery triggered a massive tax demand against her, as the tax department initially viewed the funds as unexplained income. However, the tax authorities were unable to establish a direct link between the woman and the cash, leading to a legal battle.
The Appellate Tribunal (ITAT) has now ruled in her favor, deleting the tax addition. The tribunal accepted her argument that the expenditure was actually incurred by a real estate company she was associated with, not by her personally. This decision effectively clears her of the tax liability associated with the seized cash.
For investors, this case highlights the importance of maintaining clear documentation and separation of funds between personal and business accounts. It also underscores the role of tax tribunals in resolving complex disputes where the tax department's initial assumptions may not hold up under scrutiny.
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