https://www.taxtmi.com/caselaws?id=66108 The Tribunal partially allowed the appeal concerning block assessment under section 158BC(C) read with section 143(3) of the Income-tax Act, 1961. The undisclosed income was determined at Rs. 48,77,000, higher than the Rs. 7,70,639 returned by the appellant. The Tribunal upheld the estimation of undisclosed income based on evidence and patterns of suppression, modifying ratios and deductions for business promotional expenses. The issue of valuation of construction cost was not pursued as the appellant had adequate undisclosed income to cover the difference. Procedural fairness objections were not pursued during the appeal. The Tribunal directed the Assessing Officer to adjust the assessment accordingly. en-us Wed, 10 Feb 1999 00:00:00 +0530 Mon, 06 Jun 2016 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66108 The Tribunal partially allowed the appeal concerning block assessment under section 158BC(C) read with section 143(3) of the Income-tax Act, 1961. The undisclosed income was determined at Rs. 48,77,000, higher than the Rs. 7,70,639 returned by the appellant. The Tribunal upheld the estimation of undisclosed income based on evidence and patterns of suppression, modifying ratios and deductions for business promotional expenses. The issue of valuation of construction cost was not pursued as the appellant had adequate undisclosed income to cover the difference. Procedural fairness objections were not pursued during the appeal. The Tribunal directed the Assessing Officer to adjust the assessment accordingly. Case-Laws Income Tax Wed, 10 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66108