2014 (1) TMI 1487

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..... n amount of Rs.3,80,00,000/- represented additional undisclosed income - Even as regards addition of Rs.3,65,07,000/-, the CIT(A) had, after due consideration of the material, deleted the addition on the ground that the Assessing Officer had acted without any material justifying the addition – Decided against Revenue. - TAX APPEAL NO. 23 OF 2013 - - - Dated:- 18-10-2013 - DR. D.Y. CHANDRACHUD A .....

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..... cumstances of the case the order of the Tribunal is not perverse in deleting the additions without appreciating the evidences found during the search and facts enumerated in the Assessment Order ? (iv) Whether the Tribunal was correct in facts and in law in deleting the additions made by the Assessing Officer based on seized material and without appreciating the provisions of section 292C o .....

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..... see has furnished documentary evidence and details of the transactions. Apart from an e-mail which was seized during the course of search action, it was found that there was no supporting evidence available to come to the conclusion that an amount of Rs.3,80,00,000/- represented additional undisclosed income. Even as regards addition of Rs.3,65,07,000/-, the CIT(A) had, after due consideration of .....

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