In the result, the appeal filed by assessee is allowed
Bench: Shri Vimal Kumar & Shri Brajesh Kumar Singhassessment Year: 2011-12 Raju Verma, Vs. Income Tax Officer, 17/1 Curzon Road, Kotdwar Dehradun (Uttrakhand) (Uttrakhand) Pin 248 001 Pan No. Abipv8176F (Appellant) (Respondent)
search and seizure operation under Section 132 of the Act was initiated on the business and residential premises of the assessee on 14.03.2012 at the Punjab Jewellers Group of cases. The assessee furnished his return of income on 28.03.2013 declaring total income at Rs.3,29,350/-. During appellate proceedings in Appeal, Ld. CIT(A)-2, Agra, income of the assessee