Bench: SHRI S.RIFAUR RAHMAN (Accountant Member), SHRI VIMAL KUMAR (Judicial Member)

Charitable Trust in which the assessee is a trustee were found and seized from the residential premises of Sh. Sudhanshu Rathi on 27/11/2014, which were marked as Annexure LP-1. The contents of the above said seized Annexures establish the fact that assessee’s husband through his family members had had invested a huge amount of unaccounted money in acquisition