2009 (5) TMI 19

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....nder Section 260A of Income Tax Act, 1961 against the order of the learned Appellate Tribunal dated 23^rd May 2009, whereby the Tribunal deleted certain additions made by the Assessing Officer in his assessment under Section 158BC made on 31^st December 1997. The learned Assessing Officer had assessed the undisclosed income of the Assessee at Rs. 52,37,534/- including an undisclosed income of R....

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....tions of cash and jewellery found at the time of the Search to be valid and have deleted rest of the heads from the additions made by the Assessing Officer on the ground that no incriminating material was found in the Search and thus resort could not be taken under Chapter XIV-B. The Appellants on the other hand have contended that the ITAT erred by not correctly interpreting the provisions of Sec....