Per K.S.S. Prasad Rao, Judicial Member. - This appeal is filed by the assessee having been aggrieved by the order of the Commissioner of Income-tax (Appeals), Central Circle-1, Mumbai, passed on 29-8-2003.

2. The assessee has raised 12 issues in the Grounds of Appeal. Both parties were heard regarding the issues in extense apart from their legal implications.

3. The assessee has filed Paper Book consisting of 181 pages comprising all the relevant documents that are made available before the Departmental Authorities. The issues in nutshell are as follows :

1.Confirmation of addition of Rs. 3,65,200 on account of alleged unexplained cash found during search.

2.Confirmation of addition of Rs. 4,00,960 out of the value of two items of Diamond Jewellery.

3.Not giving of specific direction regarding the relief of Rs. 15,88,668 allowed by him in Para No. 4.5 of the impugned order.

4.Confirming the disallowance of depreciation claimed by the assessee and allowed in the regular assessments for the assessment years 1996-97, 1997-98 and 1998-99 amounting to Rs. 14,61,131 and for the assessment years 1999-2000 to 2001-02 (30-9-2000) amounting to Rs. 10,01,161 in respect of Office Premises bear