Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (9) TMI 483 - AT - Income TaxUndisclosed income on the basis of his declaration made under VDIS 1997, which did not eventually materialize - search and seizure action u/s.132 - assessee’s brother was also simultaneously subjected to search on the same date - HELD THAT:- In the hands of the assessee’s brother also, income in the VDIS 1997 declaration was on account of entries in kaccha cash book, marriage expenses and purchase of ornaments, which is similar to the facts of the instant case. This transpires that the facts and circumstances of the extant case are similar to those of Mr. Prakash Bhikchand Agrawal, in whose case the addition has been set-aside and the matter restored to the file of AO for a fresh decision. In the absence of any distinguishing feature and respectfully following the precedent, we also set-aside the impugned order and remit the matter to the file of the AO for deciding the issue afresh - Appeal allowed for statistical purposes.
|