2011 (2) TMI 910

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..... S.K. Mukhi, Advocate and Ms. Jyoti, Advocate for the respondent.   ADARSH KUMAR GOEL, J.   1. This appeal has been preferred by the revenue under Section 260-A of the Income Tax Act, 1961 (for short, "the Act") against order of the Income Tax Appellate Tribunal, New Delhi in I.T.A. No.101/Del/1998 for the block period from 1.4.1986 to 14.8.1996 proposing following substantial que....

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....ulled even though the findings recorded by the Ld. ITAT are perverse in so far the detailed proceedings and reasoning given in the assessment order itself evidences implied satisfaction which is al o borne out from the additions in the assessment order and even the same Assessing Officer in whose case search was conducted on 14.08.1996 and also having jurisdiction over the case of the Directors of....

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....has common office at Faridabad. Various incriminatory documents were found and seized, which led to proceedings under Section 158BD of the Act for block assessment. Notice was issued to the assessee but no return having been filed, assessment was made adding about a sum of Rs. 2 crores in his hands as undisclosed income. The addition was set aside by the Tribunal on the ground that there was no ev....

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.... the said cases have been shown to us.   5. Learned counsel for the assessee submits that the said assessment orders of the searched persons were not produced before the Tribunal. 6. In view of the fact that the assessment orders in the case of searched persons were not produced before the Tribunal, in absence of which the Tribunal assumed that the requisite satisfaction had not been re....