2014 (8) TMI 1141

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.... ORDER N.K. BILLAIYA This appeal by the 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 sear....

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....ted in the PD account, the same cannot be considered 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 sei....