https://www.taxtmi.com/caselaws?id=62158 The Tribunal partially allowed the appeal, adjusting the income estimation for both the arrack and money lending businesses based on search findings. The revised income estimation for both businesses was set at Rs. 40,000, lower than the initial assessment of Rs. 70,610. The Tribunal concluded that the search materials were relevant evidence, providing insights into assets and expenses, influencing the income estimation. The assessee's appeal against the interest rate and insufficient expenses was considered, resulting in a reduced overall income estimation. en-us Mon, 02 Mar 1981 00:00:00 +0530 Tue, 18 Jan 2011 13:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62158 The Tribunal partially allowed the appeal, adjusting the income estimation for both the arrack and money lending businesses based on search findings. The revised income estimation for both businesses was set at Rs. 40,000, lower than the initial assessment of Rs. 70,610. The Tribunal concluded that the search materials were relevant evidence, providing insights into assets and expenses, influencing the income estimation. The assessee's appeal against the interest rate and insufficient expenses was considered, resulting in a reduced overall income estimation. Case-Laws Income Tax Mon, 02 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62158