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2013 (2) TMI 740

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..... question of law has been framed for our consideration. Whether on the facts and in the circumstances of the case and in law the Tribunal was justified in deleting the addition made by the Assessing Officer of ₹ 71,67,000/ - being unaccounted cash receipts found during the time of search action by accepting the explanation of the assessee that the unaccounted cash receipts of ₹ 71 .....

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..... unrecorded entries of cash found with the respondent assessee were in respect of sale of flats and forming part of consideration for sale of flats. Further the names of the buyers of the flats and the cash receipts from the buyers were also found during the course of the search. In these circumstances, on the basis of the finding of fact that cash receipts were undisputedly in respect of sale of f .....

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