2008 (7) TMI 357

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..... ed September 8, 2004, vide which the appeal filed by the assessee was dismissed. Impugning the order of the Tribunal, the learned counsel appearing for the appellant while relying upon the circular isued by the Central Board of Direct Taxes dated March 10, 2003, submits that the following question of law arises for consideration: "Whether the Income tax Appellate Tribunal is justified in law conf .....

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..... facts and evidence on record in a given case. 3. In the present case, the Tribunal affirmed the finding of the Assessing Officer that the assessee had unaccounted income of Rs. 35 lakhs and the search and seizure operation conducted in the premises of the persons who are closely related to the assessee in the business revealed transaction reflecting the undisclosed income. No merit. Dismissed.

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