2012 (6) TMI 651

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..... to interfere with the findings of the Tribunal on the additions made based on recovery of gold, the source of which could not be explained by the assessee. - I T APPEAL NOs. 183 and 223 OF 2010 - - - Dated:- 17-11-2011 - C.N. RAMACHANDRAN NAIR AND K. VINOD CHANDRAN, JJ. Dr. K.B. Muhamed Kutty and K.M. Firoz for the Appellant. P.K. R. Menon and Jose Joseph for the Respondent. JUDGM .....

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..... . Further, confirmation letters issued by. the goldsmiths were stereotyped bearing same date. Receipts issued accepting the gold deposits were found to be too stereotyped forms without itemized details, but only the weight of gold. The letters issued by the goldsmiths were also found to be not genuine; because all the letters demanding return of gold were retained in the same stereotyped form with .....

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..... substantiate his case. We therefore, dismiss this appeal. 4. So far as the appeal filed against the order of the Tribunal dismissing the assessee's appeal is concerned, what we notice is that the Tribunal reconfirmed the findings on additions based on evidence recovered in the course of search. This is a case where assessment is only based on recovery of Gold. Admittedly, the assessee had to e .....

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