2011 (6) TMI 503

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....SREEDHARAN   J U D G M E N T   Ramachandran Nair, J.   The connected appeals filed by the Revenue relate to the very same assessee, who is an Astrologer by profession. During the search conducted in the residence of the respondent assessee on 06/07/1999 the Department seized cash, Fixed Deposit receipts and particulars of Savings Bank accounts relating to undisclosed income....

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....evenue has come up with these appeals.   2. During hearing of the appeal filed against block assessment, we felt there is a strong case for the Department because the subsequent case built up by the assessee by introducing the Trust, namely Jyothi Sadanam, does not have any reference in any of the documents seized or the sworn statement recorded by the assessee which was not retracted. &nb....

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....ave to only remand the matter to the first appellate authority, which will lead to another round of litigation. We, therefore, accept the offer made by the assessee and allow ITA No.42/2010 filed by the Department in part by modifying the orders of the Income Tax Appellate Tribunal and the first appellate authority by making a further addition of Rs.10,00,000/- (Rupees ten lakhs only) in the block....