2003 (4) TMI 24

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..... ribunal was justified in sustaining the addition under section 69C to the extent of Rs. 31,703 and Rs. 40,000 on estimated basis without appreciating that neither any material was found in search nor any material was brought on record by the Revenue? - When there is a material on record that on special occasions such as grah pravesh, death of father of the assessee, birth of grand daughters and al .....

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..... estimated basis without appreciating that neither any material was found in search nor any material was brought on record by the Revenue? Whether the order passed by the learned Income-tax Appellate Tribunal without following the decision of the jurisdictional High Court in the case of CIT v. Rajendra Prasad Gupta [2001] 248 ITR 350 and squarely applicable in this case is not violative of the pr .....

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..... y Rs. 85,000 and 95,000. Considering the status of the family reflected from the jewellery and cash found during the course of search, the Tribunal has sustained this addition on appreciation of facts. Considering the facts and reasons for addition, it cannot be said that the addition was made without any appreciation of facts and circumstances of the case. When no expenses have been shown by th .....

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