1982 (9) TMI 127

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..... revious year. Assessee is an HUF. Assessment was completed by the ITO as per order dt. 12th July 1979 determining total income at Rs. 1,44,245. Said figure included a sum of Rs. 33,745, as being deemed income from undisclosed sources. In a raid conducted by the Central Excise Department on the business and residential premises of the assessee on 14th Aug., 1975 cash amounting to Rs. 39,825, certai .....

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..... nt case, inasmuch as the gold ornaments in question had not been seized as a result of any search of assessee's premises under s. 132, IT Act. 4. Revenue is aggrieved. Learned departmental representative was able to find no fault with the Appellate Commissioner's order. The fact remains that gold ornaments in question had been seized by officers of the Central Excise Department from the premises .....

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