2018 (3) TMI 234

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....i S.S.Viswanethra Ravi, JM For the Appellant : Shri M.D. Shah For the Respondent : Shri Arindam Bhattacharjee, Addl. CIT ORDER M.Balaganesh, AM By virtue of these miscellaneous applications, the assessee seeks to recall the order passed by this Tribunal in I.T.A. Nos. 1471, 1475&1476/Kol/2015 in the hands of Amit Agarwal, Madan Lal Beswal and Manoj Beswal respectively for the assessment y....

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....come from business or profession". Based on this crucial finding, the Tribunal had concluded that since the transaction of commodities trading had not been entered by the assessee in his books of accounts as on the date of search on 01.08.2012 and thereby it takes the character of undisclosed income for which penalty u/s 271AAB of the Act is exigible. In this regard, we find that the Ld. AR drew o....