2014 (1) TMI 1039

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...., CIT-DR. ORDER Per G. D. Agrawal,VP. These appeals by the assessee are directed against the order of learned CIT(A)-IX, New Delhi dated 23.02.2001 and learned CIT(A)-XI, New Delhi dated 09.02.2007. 2. At the time of hearing before us, it is stated by the learned counsel for the assessee that the major addition in both the appeals is the addition for unexplained cash found at the time ....

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....d that the assessee has obtained the affidavit of the persons who purchased the trees from the assessee. However, the same would be additional evidence and, therefore, he requested that if the matter is set aside to the file of the Assessing Officer, the assessee will produce all the evidences to substantiate the income from sale of trees. He further stated that with regard to remaining cash found....

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....A) wherein he has sustained the additions made by the Assessing Officer may be sustained. 4. We have carefully considered the submissions of both the sides and perused the material placed before us. We agree with the learned DR that the matter is quite old but, at the same time, from a perusal of the assessment order, we find that the assessee furnished the explanation with regard to cash found....

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....n the assessment order that the Assessing Officer ever asked the assessee and allowed him any opportunity to produce the evidence in this regard. The major additions in both the appeals are only with regard to cash in hand found at the residence as well as business premises at the time of search. In view of the above factual position, in our opinion, even though the matter is old, it would meet th....