Shri Ramesh Laljibhai Polra, Surat V. The Dy. Commissioner of Income Tax, Central Circle-2, Surat

ITSSA 260/AHD/2016

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 1198 (ITAT-SURAT)
• Duration Of Justice: 2 year(s) 8 month(s) 8 day(s)
• Appeal Type: Income Tax (Search & Seizure) Appeal
• Pronouncement Date: 15-05-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: DB
• Assessment Year: 2010-2011
• Appeal Filed On: 06-09-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SRINIVAS T BIDARI
• Assessee Lawyers: P M JAGASHETH
• Keywords: Unexplained cash credit; Unexplained investment; Gift
• Section: 153A; 144

Judgement Text

RAMESH LALJIBHAI POLRA VS. DCIT, CEN. CIR-2, SURAT /IT(SS)A NO.260/AHD/2016 PAGE 1 OF 7 , , IN THE INCOME TAX APPELLATE TRIBUNAL SURAT BENCH, SURAT BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI O.P.MEENA, ACCOUNTANT MEMBER . . ./ I.T(SS)A.NO.260/AHD/2016 [ [ / ASSESSMENT YEAR : 2010-11 SHRI RAMESH LALJIBHAI POLRA, 11, HARIDARSHAN SOCIETY, GAJERA SCHOOL CIRCLE, SURAT. [PAN: ADLPP 8395 D] V S . THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, SURAT. APPELLANT /RESPONDENT [ /ASSESSEE BY: SHRI P.M.JAGASHETH CA /REVENUE BY: SHRI SRINIVAS T.BIDARI - SR. DR / DATE OF HEARING: 1 5 .0 5 .2019 /PRONOUNCEMENT ON: 1 5 .0 5 .2019 /O R D E R PER BHAVNESH SAINI, JM: 1. THIS APPEAL BY THE ASSESSEE HAS BEEN DIRECTED AGAINST THE ORDER OF LEARNED COMMISSIONER OF INCOME TAX (APPEALS)-4 [LD.CIT(A)], SURAT DATED 28.06.2016 FOR ASSESSMENT YEAR 2010-11, CHALLENGING THE ADDITION OF RS.7 LAKHS ON ACCOUNT OF UNEXPLAINED INVESTMENT U/S.69 OF THE INCOME TAX ACT. 2. BRIEFLY STATED FACTS OF THE CASE ARE THAT A SEARCH ACTION U/S.132 OF THE INCOME TAX ACT WAS CARRIED OUT ON 17.07.2012 IN THE GROUP CASES OF DALIA(BADSHAH) BABARIYA GROUP OF SURAT. THE ASSESSEE IS ALSO COVERED UNDER THE SEARCH. THE ASSESSING OFFICER ISSUED NOTICE U/S.153A OF THE INCOME TAX ACT, IN RESPONSE TO THE SAID NOTICE, THE ASSESSE FURNISHED THE RETURN OF INCOME ON 31.03.2014 DECLARING TOTAL INCOME OF RS.7,02,240/-. RAMESH LALJIBHAI POLRA VS. DCIT, CEN. CIR-2, SURAT /IT(SS)A NO.260/AHD/2016 PAGE 2 OF 7 3. THE ASSESSING OFFICER CALLED FOR THE DETAILS FROM THE ASSESSEE WHICH HAVE BEEN VERIFIED AND PLACED ON RECORD. DURING THE YEAR ASSESSEE HAS RECEIVED A FACTORY SHED NO.787 GIDC (NEW), KATARGAM, SURAT FROM HIS COUSIN BROTHER NAMELY SHRI MAHESHBHAI PAGJIPBHAI POLRA AS A GIFT. THE ASSESSEE WAS ASKED TO FILE DETAILS I.E. COPY OF DEED OF CONSIGNMENT BY WHICH THIS PROPERTY WAS TRANSFERRED TO THE NAME OF ASSESSEE, COPY OF RETURN OF INCOME AND BALANCE SHEET OF THE DONOR FOR ASSESSMENT YEAR 2008-09 AND COPY OF THE PERMISSION LETTER ISSUED BY GIDC, KATAGRAM IN FAVOUR OF THE ASSESSEE. THE ASSESSING OFFICER ISSUED SHOW CAUSE NOTICE TO THE ASSESSEE IN THIS REGARD IN WHICH IT WAS INTIMATED TO THE ASSESSEE THAT DETAILS SUBMITTED BY ASSESSEE SHOWS THAT AS PER THE SALE DEED THIS PROPERTY WAS REGISTERED ON 29.06.2010. THIS LAND WAS TRANSFERRED FOR A CONSIDERATION OF RS.8,99,900/- WHICH WAS PAID IN CASH. THESE CASH PAYMENTS HAVE NOT BEEN RECORDED IN THE CASH BOOK OF THE ASSESSEE. THE ASSESSING OFFICER, THEREFORE SHOW CAUSED AS TO WHY ADDITION OF RS.7,00,000/- SHOULD NOT BE MADE IN THE HANDS OF THE ASSESSEE. IN THE ABSENCE OF ANY EVIDENCE OR EXPLANATION, THE ASSESSING OFFICER MADE ADDITIONAL OF RS.7,00,000/- ON ACCOUNT OF CASH PAYMENT WHICH REMAINED UNEXPLAINED. THE ASSESSING OFFICER PASSED THE ASSESSMENT ORDER U/S.153A R.W.S 144(3) OF THE ACT. THE LEARNED CIT(A) CONFIRMED THE ADDITION. THE ASSESSEE HAS RAISED ADDITIONAL GROUND OF APPEAL STATING THEREIN THE NO ADDITION U/S.69 OF RS.7,00,000/- COULD BE MADE AGAINST THE ASSESSEE IN ORDER U/S.153A BECAUSE NO MATERIAL WAS FOUND AS REGARDS TO UNDISCLOSED INVESTMENT DURING THE COURSE OF SEARCH. THE LEARNED COUNSEL FOR THE ASSESSEE SUBMITTED THAT IT IS LEGAL ISSUE AND GOES TO THE ROOT OF THE MATTER. THEREFORE SAME MAY BE ADMITTED FOR HEARING. THE LEARNED DEPARTMENTAL REPRESENTATIVE HOWEVER OPPOSED REQUEST OF THE LEARNED COUNSEL OF THE ASSESSEE. RAMESH LALJIBHAI POLRA VS. DCIT, CEN. CIR-2, SURAT /IT(SS)A NO.260/AHD/2016 PAGE 3 OF 7 4. WE HAVE CONSIDERED RIVAL SUBMISSIONS. THE SAME ISSUE HAVE CONSIDERED AND DECIDED BY ITAT SURAT BENCH IN THE GROUP CASE IN IT(SS)A.NOS. 83 TO 86/AHD/2017 OF SHRI AMITBHAI MANUBHAI KACHADIYA, IT(SS)A.NOS. 57 TO 60/AHD/2017 OF SHRI ANKIT MANUBHAI KACHADIYA AND IT(SS) NOS. 63 TO 66/AHD/2017 OF SHRI BHARATBHAI MANUBHAI BALDHA FOR THE ASSESSMENT YEARS 2007-08 TO 2010-11 RESPECTIVELY VIDE ORDER DATED 14.05.2019 IN WHICH IT WAS HELD AS UNDER : 1. ALL THE ABOVE APPEALS BY THREE ASSESSEES ARE DIRECTED AGAINST COMMON ORDERS OF LEARNED COMMISSIONER OF INCOME (APPEALS)-4 [CIT(A)], SURAT DATED 25.11.2016, 13.12.2016 AND 14.12.2016 FOR ABOVE ASSESSMENT YEARS. ALL APPEALS ARE DECIDE THROUGH THIS COMMON CONSOLIDATED ORDER. 2. WE HAVE HEARD THE LEARNED REPRESENTATIVES OF BOTH THE PARTIES AND PERUSED THE MATERIAL AVAILABLE ON RECORD. 3. BRIEFLY STATED FACTS OF THE CASE ARE THAT A SEARCH ACTION U/S.132 OF THE INCOME TAX ACT WAS CARRIED OUT ON 17.07.2012 IN THE GROUP CASES OF DALIA(BADSHAH) BABARIYA GROUP OF SURAT. THE ASSESSEES ARE ALSO COVERED IN SEARCH U/S.132 OF THE INCOME TAX ACT. THE ASSESSING OFFICER ISSUED NOTICES TO ALL THE THREE ASSESSEES U/S.153A OF THE INCOME TAX ACT. THE ASSESSEES HAVE SUBMITTED THAT ORIGINAL RETURN OF INCOME FILED U/S.139 OF THE ACT MAY BE TREATED AS RETURN FILED IN COMPLIANCE TO THE NOTICES ISSUED U/S.153A OF THE INCOME TAX ACT. THE ASSESSING OFFICER IN THE CASE OF ASSESSEE SHRI AMITBHAI MANUBHAI KACHADIYA NOTED THAT ASSESSEE HAS SHOWN COMMISSION INCOME IN THE RETURN OF INCOME FROM DIAMOND CHURI. THE ASSESSEE WAS ASKED TO FURNISH DETAILS, DOCUMENTARY EVIDENCES AND ADDRESSES OF THE PARTIES FROM WHOM COMMISSION INCOME HAS BEEN RECEIVED. IN ABSENCE OF ANY REPLY AND DOCUMENTARY EVIDENCES, THE ASSESSING OFFICER WAS OF THE VIEW THAT THE COMMISSION RECEIVED FROM DIAMOND CHURI IN CASH BY THE ASSESSEE IS UNEXPLAINED CASH RECEIVED WHICH WERE TREATED AS UNEXPLAINED CASH CREDIT U/S.68 OF THE INCOME TAX ACT. IN ALL THE ASSESSMENT ORDERS U/S.153A / 144 OF THE INCOME TAX ACT, THE ASSESSING OFFICER MADE THE ADDITIONS U/S.68 OF THE INCOME TAX ACT. THE LEARNED CIT(A) DISMISSED THE APPEALS OF THE ASSESSEE. 3.1. SIMILARLY, IN THE CASE OF ASSESSEE SHRI ANKIT MANUBHAI KACHADIYA THE ASSESSING OFFICER SIMILARLY NOTED THAT THIS ASSESSEE HAS ALSO EARNED COMMISSION INCOME ON DIAMOND CHURI. IN ABSENCE OF ANY EXPLANATION FROM THE SIDE OF THE ASSESSEE CASH RECEIPT SHOWN BY THE ASSESSEE WAS TREATED AS UNEXPLAINED CASH CREDIT U/S.68 OF THE INCOME TAX ACT. THE ASSESSING OFFICER PASSED ASSESSMENT ORDERS U/S.153A / 144 OF THE INCOME TAX ACT IN ALL THE YEARS. THE LEARNED CIT(A) DISMISSED ALL THE APPEALS OF THE ASSESSEE. RAMESH LALJIBHAI POLRA VS. DCIT, CEN. CIR-2, SURAT /IT(SS)A NO.260/AHD/2016 PAGE 4 OF 7 3.2. SIMILARLY, IN THE CASE OF ASSESSEE BHARATBHAI MANUBHAI BALDHA THE ASSESSING OFFICER NOTED THAT ASSESSEE HAS RECEIVED BROKERAGE IN CASH AND IN ABSENCE OF ANY EXPLANATION OF DETAILS, SAME WAS TREATED AS UNEXPLAINED CASH CREDIT U/S.68 OF THE INCOME TAX ACT. THE ASSESSING OFFICER PASSED THE ASSESSMENT ORDERS U/S.153A / 144 OF THE INCOME TAX ACT IN ALL THE ABOVE ASSESSMENT YEARS. THE LEARNED CIT(A) DISMISSED ALL THE APPEALS OF THE ASSESSEE. THE THREE ASSESSEES HAVE CHALLENGED THE ADDITIONS IN THE APPEALS. 4. ALL THE ASSESSEES HAVE ALSO FILED APPLICATIONS FOR ADMISSION OF THE FOLLOWING ADDITIONAL GROUND OF APPEALS:- ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE AS WELL IN LAW, THE ORDER OF THE ASSESSMENT OF THE IMPUGNED YEAR PASSED BY THE AO U/S 153A R.W.S 144 OF THE ACT, FOR WHICH, NO PROCEEDINGS WERE PENDING ON THE DATE OF SEARCH, IS WITHOUT JURISDICTION, BAD IN LAW AND VOID AB INITIO AS THE SAME HAS BEEN PASSED IN THE ABSENCE OF ANY INCRIMINATING MATERIAL FOR THE IMPUGNED ASSESSMENT YEAR FOUND/SEIZED AS A RESULT OF SEARCH. 5. THE LEARNED COUNSEL FOR THE ASSESSEE SUBMITTED THAT THERE WERE NO RECOVERY OF ANY INCRIMINATING MATERIAL / DOCUMENTS DURING THE COURSE OF SEARCH AND NO ASSESSMENT PROCEEDINGS WERE PENDING IN ALL THE ABOVE ASSESSMENT YEARS UNDER APPEALS ON THE DATE OF THE SEARCH ON 17.07.2012. THEREFORE, NO ADDITIONS CAN BE MADE U/S.68 OF THE INCOME TAX ACT IN ALL THE ASSESSMENT YEARS U/S.153A OF THE INCOME TAX ACT. HE HAS SUBMITTED THAT ORIGINAL RETURNS WERE FILED IN ALL THE CASES OF THREE ASSESSEES FOR ALL THE ASSESSMENT YEARS WHICH HAVE ALREADY BEEN PROCESSED U/S.143(1) ACCEPTING THE RETURNED INCOME AND THE TIME LIMIT TO ISSUE NOTICE U/S.143(2) HAS EXPIRED MUCH BEFORE THE DATE OF SEARCH. SINCE NO INCRIMINATING MATERIAL WAS FOUND DURING THE COURSE OF SEARCH, AS REGARDS THE ADDITIONS MADE U/S.68 OF THE INCOME TAX ACT, THEREFORE, NO ADDITIONS COULD BE MADE. HE HAS SUBMITTED THAT ADDITIONAL GROUNDS ARE LEGAL IN NATURE IN ALL THE APPEALS AND GO TO THE ROOT OF THE MATTER, THEREFORE, SAME MAY BE ADMITTED FOR HEARING. IN SUPPORT OF CONTENTION, HE HAS RELIED UPON FOLLOWING DECISIONS I) PR.CIT VS. MEETA GUTGUTIA (2018) 96 TAXMANN.COM 468 (SC) ; II) CIT VS. SAUMYA CONSTRUCTION LTD. (2016) 387 ITR 529 (GUJ) ; III) PR. CIT-1 VS. DEVANGI (2017) 88 TAXMANN.COM 610 (GUJARAT) AND IV) PR. CIT VS. JAY INFRASTRUCTURE AND PROPERTIES PVT. LTD. (IN TAX APEAL NO. 740 OF 2016, ORDER DTD. 10-10-2016) AND CIT VS. KABUL CHAWLA 61 TAXMANN.COM 412(DELHI). 6. HE HAS FURTHER SUBMITTED THAT NO NEW FACTS ARE REQUIRED TO BE INVESTIGATED BECAUSE ALL MATERIALS AVAILABLE ON RECORD. HE, THEREFORE PRAYED THAT ABOVE ADDITIONAL GROUNDS MAY BE ADMITTED IN ALL THE APPEALS OF THREE ASSESSEES. HE HAS RELIED UPON THE JUDGMENT OF THE SUPREME CASE IN THE CASE OF NATIONAL THERMAL POWER CO. LTD. VS. CIT (1998) 229 ITR 383 (SC). 7. THE LEARNED DEPARTMENTAL REPRESENTATIVE SUBMITTED THAT THIS ISSUE WAS NOT RAISED BEFORE THE AUTHORITIES BELOW. RAMESH LALJIBHAI POLRA VS. DCIT, CEN. CIR-2, SURAT /IT(SS)A NO.260/AHD/2016 PAGE 5 OF 7 8. WE HAVE CONSIDERED THE RIVAL SUBMISSIONS AND PERUSED THE MATERIAL AVAILABLE ON RECORD. IN ALL THE ASSESSMENT YEARS UNDER APPEALS IN THE CASE OF THREE ASSESSEES ABOVE, THE ASSESSEES HAVE ALREADY FILED ORIGINAL RETURN OF INCOME PRIOR TO THE SEARCH AND SAME HAVE BEEN ACCEPTED BY THE REVENUE DEPARTMENT. NO ASSESSMENT PROCEEDINGS WERE PENDING ON THE DATE OF SEARCH IN ALL THE YEARS UNDER APPEALS. THE ASSESSING OFFICER IN ABSENCE OF EXPLANATION FROM THE SIDE OF THE ASSESSEES HAVE TREATED THE CASH RECEIPTS OF COMMISSION / BROKERAGE AS SHOWN IN THE RETURN OF INCOME AS UNEXPLAINED CASH CREDIT U/S.68 OF THE INCOME TAX ACT. IT WOULD SHOW NO INCRIMINATING MATERIAL WAS FOUND DURING THE COURSE OF SEARCH, AS REGARDS THE ADDITION MADE U/S.68 OF THE INCOME TAX ACT. THE ISSUE IS THEREFORE COVERED BY ABOVE JUDGEMENTS RELIED UPON BY LEARNED COUNSEL FOR THE ASSESSEE. IT IS A LEGAL ISSUE AND GOES TO THE ROOT OF THE MATTER. NO NEW FACTS SHALL HAVE TO BE INVESTIGATED, THEREFORE, ADDITIONAL GROUNDS RAISED ABOVE IN ALL THE APPEALS ARE ADMITTED FOR THE PURPOSE OF DISPOSAL OF THE APPEALS. APPLICATIONS ALLOWED. 9. AS REGARDS THE ADDITIONS MADE ON MERIT, THE LEARNED COUNSEL FOR THE ASSESSEE SIMILARLY RELIED UPON JUDGMENT OF THE DELHI HIGH COURT IN THE CASE OF CIT VS. KABUL CHAWLA (2016) 380 ITR 573 (DELHI) IN WHICH IT WAS HELD AS UNDER: IT: COMPLETED ASSESSMENTS CAN BE INTERFERED WITH BY ASSESSING OFFICER WHILE MAKING ASSESSMENT UNDER SECTION 153A ONLY ON BASIS OF SOME INCRIMINATING MATERIAL UNEARTHED DURING COURSE OF SEARCH WHICH WAS NOT PRODUCED OR NOT ALREADY DISCLOSED OR MADE KNOWN IN COURSE OF ORIGINAL ASSESSMENT. 10. THE LEARNED COUNSEL FOR THE ASSESSEE ALSO RELIED UPON THE FOLLOWING DECISIONS : IN PR.CIT VS. MEETA GUTGUTIA (2018) 96 TAXMANN.COM 468 (SC) IN WHICH IT WAS HELD AS UNDER: INVOCATION OF SECTION 153A TO RE-OPEN CONCLUDED ASSESSMENTS OF ASSESSMENT YEAR EARLIER TO YEAR OF SEARCH WAS NOT JUSTIFIED IN ABSENCE OF INCRIMINATING MATERIAL FOUND DURING SEARCH QUA EACH SUCH EARLIER ASSESSMENT YEAR: SLP DISMISSED 10.1 IN THE CASE OF CIT VS. SAUMYA CONSTRUCTION LTD. (2016) 387 ITR 529 (GUJ) IN WHICH IT WAS HELD AS UNDER : UNDER SECTION 153A OF THE ACT, AN ASSESSMENT HAS TO BE MADE IN RELATION TO THE SEARCH OR REQUISITION, NAMELY, IN RELATION TO MATERIAL DISCLOSED DURING THE SEARCH OR REQUISITION. IF IN RELATION TO ANY ASSESSMENT YEAR, NO INCRIMINATING MATERIAL IS FOUND, NO ADDITION OR DISALLOWANCE CAN BE MADE IN RELATION TO THAT ASSESSMENT YEAR IN EXERCISE OF POWERS UNDER SECTION 153A OF THE ACT AND THE EARLIER ASSESSMENT SHALL HAVE TO BE REITERATED. IN THIS REGARD, THIS COURT IS IN COMPLETE AGREEMENT WITH THE VIEW ADOPTED BY THE RAJASTHAN HIGH COURT IN THE CASE OF JAI STEEL (INDIA), JODHPUR (SUPRA). BESIDES, AS RIGHTLY POINTED OUT BY THE LEARNED COUNSEL FOR THE RESPONDENT, THE CONTROVERSY INVOLVED IN THE PRESENT CASE OF JAYABEN RATILAL SORATHIA (SUPRA) WHEREIN IT HAS BEEN HELD THAT WHILE IT CANNOT BE DISPUTED THAT CONSIDERING SECTION 153A OF THE ACT, THE ASSESSING OFFICER CAN REOPEN AND/OR ASSESS THE RETURN WITH RESPECT TO SIX PRECEDING YEARS; HOWEVER, THERE MUST BE SOME INCRIMINATING MATERIAL AVAILABLE WITH THE ASSESSING OFFICER WITH RESPECT TO THE SALE TRANSACTIONS IN THE PARTICULAR ASSESSMENT YEAR. RAMESH LALJIBHAI POLRA VS. DCIT, CEN. CIR-2, SURAT /IT(SS)A NO.260/AHD/2016 PAGE 6 OF 7 10.2 IN THE CASE OF PR.CIT-1 VS. DEVANGI (2017) 88 TAXMANN.COM 610 (GUJARAT) IN WHICH IT WAS HELD AS UNDER: AFTER THE SEARCH CONDUCTED AT THE ASESSEES PREMISES, THE ASSESSING OFFICER INITIATED PROCEEDINGS UNDER SECTION 153A ON THE BASIS OF THE INCRIMINATING MATERIAL SEIZED FOR THE PERIOD OF THE ASSESSMENT YEAR 2004-05 ONWARDS, AND MADE THE ADDITION FOR THE ASSESSMENT YEARS 2000-01 TO 2004-05. THE TRIBUNAL DELETED THE ADDITION HOLDING THAT ONLY UNDISCLOSED INCOME AND UNDISCLOSED ASSETS DEDUCTED DURING THE SEARCH COULD BE BROUGHT TO TAX AND IN ASSESSEE CASE NO INCRIMINATING MATERIAL WAS FOUND WITH RESPECT TO THE ASSESSMENT YEARS 2000-01 TO 2004-05, AT THE TIME OF SEARCH. HELD THAT THE TRIBUNAL WAS CORRECT IN LAW IN HOLDING THAT THE SCOPE OF SECTION 153A WAS LIMITED TO ASSESSING ONLY SEARCH RELATED INCOME. 11. ON THE OTHER HAND, THE LEARNED DEPARTMENTAL REPRESENTATIVE RELIED UPON THE ORDERS OF THE AUTHORITIES BELOW. 12. CONSIDERING THE FACTS OF THE CASE IN THE LIGHT OF THE ABOVE DECISIONS, WE ARE OF THE VIEW THE ISSUE IS COVERED BY THE DECISIONS RELIED UPON BY LEARNED COUNSEL FOR THE ASSESSEE. IN ALL THE CASES UNDER APPEALS, ASSESSEES HAVE ADMITTEDLY FILED ORIGINAL RETURNS OF INCOME WHICH WERE ACCEPTED AND NO ASSESSMENT PROCEEDINGS WERE PENDING ON THE DATE OF SEARCH. NO INCRIMINATING MATERIAL WAS FOUND DURING THE COURSE OF SEARCH SO AS TO MAKE ADDITION U/S.68 OF THE INCOME TAX ACT. THE ASSESSEES HAVE SHOWN COMMISSION / BROKERAGE INCOME RECEIVED IN CASH IN THE ORIGINAL RETURN OF INCOME. THE ASSESSING OFFICER, HOWEVER IN THE ORDERS PASSED U/S.153A / 144 OF THE INCOME TAX ACT IN ABSENCE OF EXPLANATION FROM THE SIDE OF THE ASSESSEE TREATED THIS SAID RECEIPT OF CASH AS COMMISSION / BROKERAGE UNEXPLAINED CASH CREDIT U/S.68 OF THE ACT. THUS, NO INCRIMINATING MATERIAL WAS FOUND DURING THE COURSE OF SEARCH AGAINST ALL THE THREE ASSESEES FOR MAKING ADDITION U/S.68 OF THE INCOME TAX ACT. THE ISSUE IS THEREFORE COVERED BY ABOVE JUDGMENTS REPRODUCED ABOVE. NO ADDITION COULD BE MADE OF THIS NATURE IN THE ASSESSMENT ORDER U/S.153A OF THE INCOME TAX ACT. 13. IN VIEW OF THE ABOVE DISCUSSIONS, WE SET-ASIDE THE IMPUGNED ORDERS AND DELETE ALL THE ADDITIONS U/S.68 OF THE INCOME TAX ACT. 14. IN THE RESULT, APPEALS OF THE ALL THE ASSESSEES ARE ALLOWED. 5. THE ASSESSEE IS CONNECTED WITH THE SAME SEARCH IN WHICH ADDITIONAL GROUND OF THE SAME NATURE HAVE BEEN ADMITTED FOR HEARING AND ULTIMATELY DECIDE IN FAVOUR OF THE ASSESSEE HOLDING THAT SINCE NO INCRIMINATING MATERIAL FOUND DURING THE COURSE OF SEARCH SO NO ADDITION U/S.68 OF THE INCOME TAX ACT COULD BE MADE. THEREFORE, ISSUE IS COVERED IN FAVOUR OF THE ASSESSEE BY ABOVE ORDER REPRODUCED. RAMESH LALJIBHAI POLRA VS. DCIT, CEN. CIR-2, SURAT /IT(SS)A NO.260/AHD/2016 PAGE 7 OF 7 6. IN THE PRESENT CASE, THE ASSESSEE PRODUCED THE COPY OF THE DEED OF THE CONSIGNMENT BEFORE THE ASSESSING OFFICER AT THE ASSESSMENT STAGE. THE ASSESSING OFFICER GOING THROUGH THE DOCUMENTS FURNISHED AT ASSESSMENT STAGE MADE THE ADDITION U/S.69 OF THE ACT. IT WAS THEREFORE CLEAR THAT NO INCRIMINATING MATERIAL WAS FOUND DURING THE COURSE OF SEARCH AS REGARDS THE ABOVE ADDITION. 7. IN VIEW OF THE ABOVE, WE ADMIT THE ADDITIONAL GROUND OF APPEAL DECIDE THE SAME IN FAVOUR OF THE ASSESSEE. 8. IN THE RESULT, WE SET-ASIDE THE ORDER OF THE AUTHORITIES BELOW AND DELETE THE ADDITION OF RS.7,00,000/-. 9. IN THE RESULT, THE ADDITIONAL GROUND AND APPEAL OF THE ASSESSEE ARE ALLOWED. 10. THE ORDER PRONOUNCED IN THE OPEN COURT 15-05-2019. SD/- SD/- (O.P.MEENA) (BHAVNESH SAINI) ( /ACCOUNTANT MEMBER) ( /JUDICIAL MEMBER) / SURAT, DATED : 15 TH MAY , 2019/ S.GANGADHARA RAO, SR.PS COPY OF ORDER SENT TO- ASSESSEE/AO/PR. CIT/ CIT (A)/ ITAT (DR)/GUARD FILE OF ITAT. BY ORDER / / TRUE COPY / / ASSISTANT REGISTRAR, SURAT