In the result, ground no 5, 9 and 11 appeal is also allowed in favor as indicated above
Bench: DR. MITHA LAL MEENA (Accountant Member), DR. S. SEETHALAKSHMI (Judicial Member)
131 of the Act, assessee has stated that she has no bank account or property in any foreign country. However, department proceeded further with inquiries and obtaining of information by FT & TR Division and post two references certain bank accounts statements from Hinduja Bank were made available. 20. Thereafter, based on this information available from FT & TR post search proceedings