9911796707
TMI Blog2018 (2) TMI 427X X X X Extracts X X X X X X X X Extracts X X X X ..... lso an undisputed fact that prior to the date of search, the assessee had filed Wealth Tax returns. The only evidence which came to the notice of the search party were the Wealth Tax Returns filed by the assessee. In our considered opinion, the Wealth Tax Returns of the group, by any stretch of imagination, cannot be considered as incriminating material in the hands of the assessee. Except for thi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he CIT(A) erred in confirming the addition of ₹ 5,17,556/- of alleged unaccounted jewellery. 3. A perusal of the order of the CIT(A) shows that he has disposed of 10 appeals by a consolidate order in which one of the appellant was Sampatraj Lalchand Chowdhary having PAN ABTPC9140K. 4. We find that the said order was assailed before the Tribunal in IT(SS)A Nos.32 33/Ahd/2015 and the T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t/evidence. 5. And the Tribunal concluded as under :- 15. Drawing support from the judgement mentioned elsewhere, we do not find any legality in the assessment so made by the A.O. We have no hesitation to set aside the findings of the ld. CIT(A) and direct the A.O. to delete the impugned additions. In our considered opinion, the assessments made without any incriminating material is illega ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
