Per B.R. Jain, Accountant Member. - This appeal by the assessee against the order dated 30-3-2006 of ld. CIT (Appeals)-I, Agra raises the following grounds :—

"(1)That the ld. CIT(A) has erred in law and on facts in not properly appreciating that the purpose of first and second grounds of appeal inter alia is that on the basis of search warrant in the name of assessee, the portions of premises occupied by other members of the family and their Bank lockers should not have been subjected to search as they themselves are Income-tax assessees in their own rights and consequently they themselves are liable for their own affairs.

(2)That the ld. CIT(A) has erred in Law and on facts in sustaining addition of Rs. 50,00,000 without properly appreciating that it is out of opening cash balance of Rs. 58,44,294 brought forward from the Cash Book relating to preceding financial year 2002-03.

(2.1)The authorities below have erred in law and on facts in holding that the agreement to sell the land executed between the assessee and the purchaser is not valid, ignoring the fact that same is witnessed and is duly proved by documentary evidence.

(2.2)That the ld. CIT(A) has erred in law and on facts