income from undisclosed sources made on
the basis of impounded papers and documents.
2. The Ld. Commissioner of Income tax(Appeals) has
erred ... income from undisclosed sources made on
the basis of impounded papers and documents.
3. The Ld. Commissioner of Income tax(Appeals) has
erred
documents inventoried as SKB/1 to SKB/32, only
documents / books of account marked as SKB/1 to SKB/13 and SKB/32 were
impounded ... also observed that
the turnover found in the impounded documents of the assessee is not
matching with the turnover declared by the assessee
assessment proceedings, the AO held that perusal of the documents impounded
from the business premise of the assessee proved that its activities were not confined ... containing loose papers and a diary,that volume one of the impounded documents conta
-ined Performance Review Reports (PRR.s) of the staff, that
concluded that as the books of account and other documents
impounded during the course of the survey action proved that the
assessee had made ... assessee.
9. The A.O while framing the assessment observed that documents
impounded during the course of survey proceedings conducted on M/s
Dev Sharda
assessee.
3. The A.O while framing the assessment observed that documents
impounded during the course of survey proceedings conducted on M/s
Dev Sharda ... Page 105 of the impounded diary..
13. We have given a thoughtful consideration to the notings in the
impounded document, viz. Annexure A-2 - Page
undisclosed
investment in the said business on the basis of impounded documents at page 29
marked as SPB/20. The said peak credit was added ... assessment year 2007-08 appears at page 29 of the impounded document
SPB/20. Similarly, peak credit of Rs.19,17,196/- for the assessment
been made by the AO on the basis of papers and
documents impounded during survey carried out on at the office of Magna
Dealers ... remand
report has admitted that payment recorded in the impounded documents represent
personal expenses as well as unaccounted investment. The ld CIT(A) after
counsel the Revenue
authorities found certain material and impounded the same. As per
the impounded document, the Assessing Officer found the sale
value ... assessment year 2004-05 and sale consideration disclosed in
the document impounded. During the course of survey operation,
sales was determined
property or document the said property or document is retained for some period of time, then such retention amounts to impounding of the property ... order of impounding nor was any opportunity of hearing given to the appellant by the passport authority for impounding the document. It was only
delivery of the document either to take steps to complete the registration of the document or to take delivery of the document.
11.The learned ... document was received, while forwarding it to the responden, the statement accompanying the document itself mentions in column 3 that it has been impounded
