2017 (10) TMI 1353

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... dition can be made in assessment u/s. 153A which does not emanate from the incrimination documents seized? Held that:- As decided in favour in case of the wife of the present assessee the case of the Revenue is that certain loose documents were found during search representing the assessee's cash transactions recorded in terms of rupees in crores. The assessee, however, denied this suggesting t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ONDENT ORAL ORDER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1. Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal raising following questions for our consideration: [A] Whether the Appellate Tribunal erred in law and in facts in deleting the addition made on account of unexplained investment in properties as per the diaries recovered when the ident .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f rupees in crores. The assessee, however, denied this suggesting that these figures represented the calculations for the purpose of vastu shastra. CIT (Appeals) as well as the Tribunal concurrently held that there was no material suggesting that the figures indicated in loose papers represented assessee's cash transactions. This was thus purely a question of fact. No question of law therefore .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X