2005 (10) TMI 81

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.... admission. The Revenue has preferred this appeal under section 260A of the Income-tax Act, 1961, against the order of the Income-tax Appellate Tribunal in I.T. (SS) A. Nos. 79 and 80/IND/2002 by which the Tribunal has deleted the addition made by the Assessing Officer and affirmed by the Commissioner of Income-tax (Appeals). Learned senior counsel submits that in the search made in the premises....

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....ax Appellate Tribunal was justified in holding that no estimation of hawala business income can be made for the whole period or 18 months or 450 days on the basis of documents seized during the course of search?" We have heard learned senior counsel and perused the record placed before us. The inference has been drawn by the Assessing Officer, the Commissioner of Income-tax (Appeals) and the Inco....