2022 (6) TMI 1419

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..... ized during the course of search and seizure proceedings and marked as A/1/MKP from the assessee reflected the amount collected on behalf of the co-operative societies and the said amount is not an income in the hands of the assessee. HELD THAT:- To a pointed question of this Court, with regard to the above finding recorded by this Court, Shri Seshachala, in his usual fairness, did not deny tha .....

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..... lding that in respect of assessment year 2007-08 and 2008-09, entries made in the loose sheet recovered in the search of M/s. Mookambika Promoters and marked as A/1/MKP cannot be relied on to treat it as the income of the assessee and consequently recorded a perverse finding? 2. Whether the Appellate Authorities were correct in confirming the order of the assessment that the amount of Rs. 1,5 .....

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..... ue submitted that the contents of the documents with regard to payment of Rs. 15,00,000/- has been admitted by the Assessee. Further in ITA No.347/2015 c/w 348/2015 decided on April 5, 2016, in Para 8 of that order, this Court has recorded a finding of fact that for the Assessment Year 2009-10, the transaction for payment was confirmed and this finding has attained finality. Therefore, this appeal .....

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