TMI Blog2015 (12) TMI 368X X X X Extracts X X X X X X X X Extracts X X X X ..... made subsequently. In the circumstances, the Court finds no legal infirmity in the order of the ITAT deleting the additions in question. - Decided in favour of the Assessee. - ITA No. 64/2001 - - - Dated:- 17-11-2015 - S. Muralidhar And Vibhu Bakhru, JJ. For the Appellant : Mr. Kamal Sawhney, Senior Standing counsel with Mr. Raghvendra Singh, Mr. Shikhar Garg and Mr. Sharad Aggarwal, Advs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ' undisclosed income. For Assessment Year (AY) 1995-96, the Assessee had filed a regular return of income on 30th November 1995 which was two months after the search but within the prescribed time. This return was processed under Section 143 (1) (a) of the Act. 3. The Assessing Officer ('AO') made the following additions in the block assessment order dated 27th September 1996: (a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TAT by the impugned order deleted the above additions was that the said additions could have been made only in a regular assessment and not in the block assessment proceedings since they did not arise from material unearthed during the course of search. 5. While admitting this appeal on 12th August 2002, the Court framed the following questions of law for consideration: 1. Whether the ITAT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntegra and stands covered against the Revenue in a large number of judgments including CIT v. Ravi Kant Jain (2001) 250 ITR 141 (Del) in which inter alia it was held: The special procedure of Chapter XIV-B is intended to provide a mode of assessment of undisclosed income, which has been detected as a result of search. As the statutory provisions go to show, it is not intended to be a substitu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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