2013 (5) TMI 334

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..... passed by the Tribunal, which has up held the order the appellate authority holding that the additions cannot be treated as undisclosed income within the meaning of Chapter XIV B of the Income Tax Act. 2. A search was conducted at the residence assessee. Some documents were seized by them under Section 158 BD of the Act. The Assessment Officer made an addition of Rs.1,05,600-00 on account of rent .....

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..... to the Tribunal. The Tribunal held that the assessee had already disclosed the aforesaid income in regular retrun filed by him within time. There was no taxable income during the block period. In those circumstances, the order passed by the First Appellate Authority is valid and legal and do not suffer from any infirmity. Therefore the Tribunal dismissed the appeal. 5. The appeal was admitted on .....

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..... 9,358-00 addition on account of rental income. The assessee has filed its return for the assessment year 1999-200 on 29.06.2001 disclosing the aforesaid income. That is the income for the relevant assessment year for the block period, though the assessee had incurred, it was well within the taxable limit. It is by adding 10 years income, it was made to appear as if, he is evading tax. Two fact fin .....

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