I have a doubt on this topic........anyone please help me to clarify the same....it is based on the topic assessment.the question is like this...
Mr A was walking with him carrying 22,00,000 in hard cash.The police seizes the cash and handover the case to IT deparment.during the course of assessment proceedings,he admits to having an income of 23,00,800 during the assessment year 2014-15 out of which Rs.1,00,800 being income from other sources and fails to explain the balance cash.How would be treatment for the same?Please give me a proper solution regarding the corresponding sections of IT Act.
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