1984 (11) TMI 54

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.... the addition of Rs. 54,100 in the hands of the assessee-firm is wrong and perverse based on irrelevant material and without consideration of relevant and material evidence ? (b) Whether, on the facts and in the circumstances of the case, the Tribunal's order sustaining the addition of Rs. 82,400 in the hands of the assessee-firm is wrong and perverse based on irrelevant material and inadmissible evidence and without consideration of relevant and material evidence ? (c) Whether the Tribunal was justified in law in sustaining the additions of Rs. 54, 100 and Rs. 82,400 made by the Department by taking recourse to the provisions of section 69 and section 69A of the Income-tax Act, 1961, without the Department having discharged the onus whic....

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....aragraph 19(a) and (e). He states that questions as stated in paragraph 19(b), (c) and (d) are nothing but elaboration of question in para 19(e). First we take up the question as stated in paragraph 19(a). There was a search and seizure operation at the business premises of the assessee on August 20, 1976, and there certain articles relating to pawn business were discovered, against which the pawn business to the extent of Rs. 54,100 was carried on. The assessee was called upon to explain the investment of Rs. 54,100 in the pawn business. Then the assessee explained that pawn business to the extent of Rs. 54,100 had been carried on by one Shrimathi Janki Devi, daughter of Shrimati Bhanu Devi. Shrimati Janki Devi is the wife of Malti Prasad....