https://www.taxtmi.com/caselaws?id=67537 The Tribunal upheld the validity of the assessment based on a search warrant issued in the name of the assessee's father, deeming the search of the business premises valid. The addition of unexplained investments was deleted as the assessee's explanation was accepted. Sales estimation was reduced, and the addition based on seized documents was deleted due to lack of proper scrutiny. The disallowance of wages and salary was partially upheld, with a portion being deleted. Overall, both the assessee's and revenue's appeals were partly allowed in the case. en-us Wed, 23 Apr 1997 00:00:00 +0530 Fri, 11 Mar 2011 11:49:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67537 The Tribunal upheld the validity of the assessment based on a search warrant issued in the name of the assessee's father, deeming the search of the business premises valid. The addition of unexplained investments was deleted as the assessee's explanation was accepted. Sales estimation was reduced, and the addition based on seized documents was deleted due to lack of proper scrutiny. The disallowance of wages and salary was partially upheld, with a portion being deleted. Overall, both the assessee's and revenue's appeals were partly allowed in the case. Case-Laws Income Tax Wed, 23 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67537