https://www.taxtmi.com/caselaws?id=68496 The Tribunal partly allowed the assessee's appeal and dismissed the Department's appeal. It held that income must be computed based on material seized during the search, not on hypothetical estimations. The Tribunal concluded that the assessment order was timely, as it was within the statutory limitation period following the search initiation. en-us Fri, 19 Mar 2004 00:00:00 +0530 Fri, 21 Jun 2024 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68496 The Tribunal partly allowed the assessee's appeal and dismissed the Department's appeal. It held that income must be computed based on material seized during the search, not on hypothetical estimations. The Tribunal concluded that the assessment order was timely, as it was within the statutory limitation period following the search initiation. Case-Laws Income Tax Fri, 19 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68496