2010 (8) TMI 160

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....nt.   2. Present appeal was admitted at the following substantial question of law:- "Whether the learned Income Tax Appellate Tribunal was justified in opining that where an evidence was submitted with the department before the date fo search, it cannot be considered for computation of undisclosed income u/s 158BB (1) when the word 'evidence' as appearing in Section 158 BB(1) does not excl....

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....t aside. The CIT appeal while considering the order passed by AO under Section 158BC/251 of the Act on 24th March, 2003 has confirmed some of the additions and allowed the some deletion, hence both approached the Tribunal.   5. The Tribunal recorded finding that the assessee was working as General Manager with Kuber Group of Companies which is engaged in business of financing.  It has....

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..... Whatever has been found by the revenue during block assessment should be dealt separately instead of merging the income disclosed through regular return to the block assessment.     7. Section 158 BC of the Act at the face of record shows that where any search has been conducted under Section 132 or books of account, other documents or assets are requisitioned under section 132A, in....