https://www.taxtmi.com/caselaws?id=68681 The Tribunal partially allowed the appeals, resulting in adjustments favoring the assessee. The undisclosed income additions were reduced significantly, with the Tribunal revising estimates and deleting certain additions. The levy of surcharge under s. 113 was also deleted due to the retrospective application date conflicting with the search date. Overall, the outcome favored the assessee, leading to a fair assessment of undisclosed income and expenses. en-us Fri, 22 Dec 2006 00:00:00 +0530 Thu, 31 Mar 2011 17:34:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68681 The Tribunal partially allowed the appeals, resulting in adjustments favoring the assessee. The undisclosed income additions were reduced significantly, with the Tribunal revising estimates and deleting certain additions. The levy of surcharge under s. 113 was also deleted due to the retrospective application date conflicting with the search date. Overall, the outcome favored the assessee, leading to a fair assessment of undisclosed income and expenses. Case-Laws Income Tax Fri, 22 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68681