2021 (6) TMI 229

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....ith Mr. Praveen Chauhan and Mr. Vineet Wadhwa, Advs. Respondents Through: Mr. Zoheb Hossain, Sr. Standing Counsel for revenue. O R D E R [Court hearing convened via video-conferencing on account of COVID-19] CM No. 17475/2021 1. Allowed, subject to just exceptions. CM No. 17474/2021 [Application filed on behalf of the petitioners seeking compliance of the order dated 19.04.2021] ....

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....were disclosed in the return for AY 2020-2021. It is also Mr. Gulati's submission that, in any event, vide communication dated 09.03.2021, audited books of accounts were submitted to the concerned officer. To be noted, the search was carried out on 26.10.2020. 2.2. It is Mr. Gulati's contention that, even if, for the moment, it is assumed that the cash component concerning these 10 properties w....

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..... Gulati, is Rs. 4,77,88,693/- (See Annexure-E appended to the application). 2.4. Besides this, Mr. Gulati says that, the respondents/revenue has seized papers concerning 4 other properties, and if the value of these properties is added to the aforementioned 3 properties, which are provisionally attached, the respondents/revenue is secured to the extent of Rs. 10 crores approximately. (See Anne....

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....ith regard to the proposed additions, if any. 2.7. We may also take note of the submission made by Mr. Gulati that, the purported cash component, to which a reference is made in the order dated 01.05.2021, pertains to another assessee, i.e., Girdhari Lal Constructions Pvt. Ltd. 2.8 Mr. Zoheb Hossain, who appears for the respondents/revenue, says that via the order dated 19.04.2021, the Court....