9911796707
TMI Blog2013 (7) TMI 287X X X X Extracts X X X X X X X X Extracts X X X X ..... undisclosed income - on the very basis on which the assessment so framed not being available, the entire assessment could not be sustained - Decided in favour of assessee. - - - - - Dated:- 29-6-2011 - CHITRA VENKATARAMAN MRS., JANARTHANA RAJA P. P. S., JJ. JUDGMENT The judgment of the court was delivered by Mrs. Chitra Venkataraman J.-The Revenue has come up on appeal as against the ord ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rder ?" The tax case appeal is filed against the assessment order in respect of the block period covering the block years 1986-87 to 1995-96. On November 19, 1995, a search was conducted in the residential premises of the assessee under section 132 of the Income-tax Act, 1961. In the course of the search, evidently barring certain gold and silver items, no materials were found, which justified t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mostly on account of inadequate of drawings and sale of shares. The Tribunal pointed out that the only item seized was jewellery belonging to the family members, for which, there was no addition. The Tribunal pointed out that going by the provisions of section 158BB, on the face of the orders, there was no evidence found and there were no materials found showing undisclosed income. In the light of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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