2009 (9) TMI 232

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....pra for the appellant. JUDGMENT 1. The present appeal under section 260A of the Income-tax Act, 1961 (hereinafter referred to as "the Act") filed against the order dated August 31, 1999, passed by the Income-tax Appellate Tribunal, New Delhi. The appeal has been admitted on the following substantial questions of law vide order dated November 29, 2006: "(1) Whether, on facts and in the cir....

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....thout proving purchase of the same?" 2. Briefly stated the facts giving rise to the present appeal are as follows: 3. The appeal relates to the block period 1986-87 to 1996-97. A search was conducted in the premises of M/s. Bhagat Industrial Corporation and Sri R. D. Bhagat on February 28, 1996 and concluded on March 23, 1996. Certain documents were found in the search which related to th....