2007 (9) TMI 314

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....e assessee is directed against the order passed by the CIT(A) on 3rd Aug., 2006 in relation to the block period 1st April, 1996 to 18th Sept., 2002. 2. The only ground raised in this appeal is against the confirmation of addition of Rs. 10,000. 3. Briefly stated, the facts of the case are that a search under s. 132 was conducted on 18th Sept., 2002 in the case of Shri Om Prakash Rathi, who h....

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....d the genuineness of the entry appearing in his regular books nor the capacity of the creditor was established nor even her identification. In the next para he resorted to the provisions of s. 69 for making this addition. The learned CIT(A) confirmed the action of the AO in making this addition. 4. We have heard the rival submissions and perused the relevant material on record. It is a search c....

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....xpense, deduction or allowance claimed under this Act which is found to be false". A bare perusal of this definition reveals that the undisclosed income comprises of any asset or entry in the books of account or other documents which represents 'wholly or partly income or property which has not been or would not have been disclosed'. We are not concerned here with the remaining part of the defi....