https://www.taxtmi.com/caselaws?id=68227 The Tribunal upheld the search operation's validity, rejecting the doctrine of mutuality, and emphasized inadequate accounting practices. It modified the AO's concealed income addition to Rs. 60 lakhs, allocating it between the secretary and president individually. The Tribunal dismissed the society's appeals, partially allowing the Department's appeals, and restored certain issues to the AO for further examination. Cross-objections by the assessees were dismissed, affirming the search's validity and rejecting mutuality claims. en-us Fri, 21 Oct 2005 00:00:00 +0530 Tue, 16 Apr 2024 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68227 The Tribunal upheld the search operation's validity, rejecting the doctrine of mutuality, and emphasized inadequate accounting practices. It modified the AO's concealed income addition to Rs. 60 lakhs, allocating it between the secretary and president individually. The Tribunal dismissed the society's appeals, partially allowing the Department's appeals, and restored certain issues to the AO for further examination. Cross-objections by the assessees were dismissed, affirming the search's validity and rejecting mutuality claims. Case-Laws Income Tax Fri, 21 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68227