2007 (10) TMI 638

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..... ax Appellate Tribunal, Delhi Bench `G', New Delhi (Tribunal) in IT(SS) Appeal Nos. 22/Del of 2001, 23/Del of 2001 and 24/Del of 2001 all relevant to the block period 1st April, 1988 to 12th May, 1998. A search under Section 132 of the Income Tax Act, 1961 (`Act') was conducted in respect of the bank account of the Assessee on 5th June, 1998. It appears that the Assessee had sold some .....

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..... ections 158BA(3) and 158B(b) of the Act, these receipts on account of sale proceeds could not be treated as undisclosed income in the hands of the Assessee. We also find from the perusal of Section 158B(b) and Section158 BA (3) of the Act that such income would be treated as undisclosed income if, but for the search, it would not have been disclosed in the books of accounts or other docume .....

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