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2008 (4) TMI 805
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....Court.-Learned counsel for the Revenue has raised two issues before us. In respect of the first issue, it is submitted that the value of the property in Sainik Farms, as per the report given by the DVO, was much higher than what was disclosed by the assessee. 2. It was admitted before the Commissioner of Income-tax (Appeals) ['CIT(A)'] as well as before the Income-tax Appellate Tribu....
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....on the evidence found during the search and material or information gathered in post search inquiries made on the basis of evidence found during the search. 4. This Court has taken a view similar to that taken by the Madhya Pradesh High Court in L.R. Gupta & Ors. vs. Union of India & Ors. (1992) 101 CTR (Del) 179 : (1992) 194 ITR 32 (Del) and CIT vs. Ravi Kant Jain (2001) 167 CTR (Del) 566 : (2....