Rs 1.91 crore ‘unexplained cash’: HC grants relief to taxpayer despite ITR lapse by cash giver

The Patna High Court has provided relief to a taxpayer in a significant unexplained cash case. The court overturned an ITAT order concerning Rs 1.91 crore. Despite the cash giver not filing an ITR, the transaction's authenticity was confirmed. The Income Tax Department failed to prove evidence fabrication. This ruling offers a crucial win for taxpayers facing similar challenges.