2014 (8) TMI 1141

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....e assessee is preferred against the order of the Ld. CWT(A)-38, Mumbai dt. 24.1.2014 pertaining to A.Y.2010-11. 2. The sole grievance of the assessee is that the Ld. CIT(A) erred in confirming the addition of Wealth of Rs. 2,06,31,230/- on account of the cash found during the course of search. 3. Briefly stated the facts of the case are that a search and seizure operation was conducted on 11.2.2....

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.... as cash in hand for the computation of net wealth. 6. The Ld. Departmental Representative strongly supported the findings of the Ld. CWT(A). 7. A similar issue came up before the Tribunal in WTA No. 16/Mum/2009 wherein there was a cash seizure from the assessee by the Crime branch of Mumbai Police. The Tribunal found that the said cash seized was directed to be kept in fixed deposit account wit....