2013 (7) TMI 287

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....ue has come up on appeal as against the order of the Income-tax Appellate Tribunal, Chennai "A" Bench, dated December 19, 2003, in IT (SS) A No. 13/Mds/96 raising the following substantial questions of law : "1. Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in quashing the block assessment made on the assessee on the ground that the asse....

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....ms, no materials were found, which justified the additions that the assessee had undisclosed income. Even in respect of the jewellery seized, the assessee contended that the same belonged to the family. The Assessing Officer pointed out that the assessee had furnished explanation in respect of 415 grams of gold jewellery as against the seizure of 441 grams. In respect of 26 grams, the assessee poi....