2011 (11) TMI 806

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.... This appeal by the assessee arises out of the order passed by the Commissioner of Wealth-tax (Appeals) on 29.01.2009 in relation to the assessment year 2002-2003. 2. The only ground is against the confirmation of addition of `80,57,680. Briefly stated the facts of the case are that there was a cash seizure of Rs. 80,57,650 from the assessee by the crime branch of Mumbai Police. Based on the a....

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.... for the assessee contended that this FDR was renewed over the period and it was eventually in 2010 the same was encashed and the amount was credited to the assessee's bank account. 4. Section 2(ea) of the Wealth-tax Act, 1957 as inserted by the Finance Act, 1992 with effect from 01.04.1993 provides the definition of "assets" in relation to assessment year commencing on 1st April, 1993 or there....