https://www.taxtmi.com/caselaws?id=67613 The Tribunal allowed the appeal of the assessee, concluding that the assessment was conducted without proper application of mind, relying on assumptions without material evidence. The Tribunal found violations of natural justice principles, invalid application of sections 158BC and 158BD, improper service of notice under section 142(1), and inadmissible use of statements from third parties. The Tribunal also noted errors in the computation of undisclosed income and recognized the exemption of income for the co-operative society based on the principle of mutuality. en-us Wed, 23 Oct 2002 00:00:00 +0530 Fri, 11 Mar 2011 18:10:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67613 The Tribunal allowed the appeal of the assessee, concluding that the assessment was conducted without proper application of mind, relying on assumptions without material evidence. The Tribunal found violations of natural justice principles, invalid application of sections 158BC and 158BD, improper service of notice under section 142(1), and inadmissible use of statements from third parties. The Tribunal also noted errors in the computation of undisclosed income and recognized the exemption of income for the co-operative society based on the principle of mutuality. Case-Laws Income Tax Wed, 23 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67613