Held that survey conducted in the case of the assessee having revealed that he was in possession of various credit cards and the Investigation Wing having forwarded the said information to the assessee’s AO, reopening of assessment after further investigation by AO is  valid. Held that the assessee having utilised the funds through several international credit cards which ostensibly belong to his relatives and friends and none of the said owners of the credit cards having filed any proof/document or affidavit to claim that the same belong to them, addition under s. 69C in the assessee’s hand is sustainable. (AY. 2008-09)