Income Tax Appellate Tribunal Itat Jabalpur Court December 1993 Judgments Home Cases Income Tax Appellate Tribunal Itat Jabalpur 1993 Page 1 of about 1 results (0.017 seconds)

Assistant Commissioner of Income Vs. Karodilal Agrawal. (Karodilal

Court : Income Tax Appellate Tribunal ITAT Jabalpur

Reported in : (1994)50TTJJab393

We find it convenient to dispose of these three appeals by the Revenue for the asst. yrs. 1984-85 to 1986-87 as one appeal of the assessee and cross objection of asst. yr. 1986-87 by this consolidated order.2. Briefly stating the fact on 12th Dec., 1985, there was a search and seizure operation under S. 132 in the residential premises of the assessee. During the course of search a diary and some loose papers were founded and seized by the Department. Statements of the assessee were recorded by the authorised officer during the search operation and by the Asstt. Director of Investigation on subsequent dates. An addition of Rs. 6,38,398 was made by the Assessing officer for the asst. yr. 1986-87 on the basis of the seized dairy and the statements of Shri Karodilal. The learned CIT(A) found that, in this case, summary appraisal under S. 132(5) had been made by the same Assessing Officer, who made the assessment in this case. The contention on behalf of the assessee that at the time of ma...