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TMI Blog2020 (11) TMI 858X X X X Extracts X X X X X X X X Extracts X X X X ..... ARAT, J.M: This appeal by the assessee is directed against the order of ld. Commissioner of Income Tax (Appeals)(in short 'Ld. CIT(A)'-3, Bhopal, dated 08.02.2019 pertaining to assessment year 2016-17. The assessee has raised following grounds of appeal: "1.That on the facts and in the circumstances of the case and in law, the Ld. CIT(A) erred in maintaining the addition of Rs. 10,00,000/- to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arious firms. Search and seizure operation u/s 132 of the Income Tax Act 1961 (hereinafter referred as the Act) were carried out on residential premises of assessee on 05.10.2015. In response assessee filed return of income for A.Y. 2016-17 on 06.03.2017 declaring total income of Rs. 13,67,670/-. The AO made addition of Rs. 10,00,000/- on account of disclosure made during search u/s 132(4) of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of search on account of documents/loose papers. 5. On the contrary Ld. Departmental Representative (DR) opposed the submissions of the Ld. counsel for the assessee and supported the orders of the authorities below. 6. We have heard rival submissions and perused the material available on record and gone through the orders of authorities below. We find that the addition was made on the basis of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ers vs. ACIT (ITANo.134/Ind/2019 dated 09.08.2019)(Indore Tribunal). 2. ACIT vs. Sudeep Maheshwari (ITANo.524/Ind/2013 dated 13.02.2019)(Indore Tribunal) 3. Kailashben Manharlal Chokshi vs. CIT (2010)) 328 ITR 0411(Guj) 4. Pullangode Rubber Produce Co. Ltd. vs. State of Kerala (1973) 91 ITR 18(SC) 7. On consideration of above facts/submissions in the light of judicial pronouncements (Supra ..... X X X X Extracts X X X X X X X X Extracts X X X X
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