https://www.taxtmi.com/caselaws?id=70657 The ITAT allowed one appeal and partly allowed others in a case involving block assessments. It held that income covered by advance tax should not be treated as undisclosed income, directed recalculations considering advance tax payments and exemptions. The ITAT restricted commission on NRI gifts to 2%, rejected DVO valuation for construction costs, emphasizing assessments cannot rely on post-search material. It also adjusted undisclosed income for a flat purchase based on actual payment difference. The ITAT's decisions favored the assessees on multiple issues raised during the block assessments. en-us Tue, 21 Sep 2004 00:00:00 +0530 Mon, 18 Apr 2011 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70657 The ITAT allowed one appeal and partly allowed others in a case involving block assessments. It held that income covered by advance tax should not be treated as undisclosed income, directed recalculations considering advance tax payments and exemptions. The ITAT restricted commission on NRI gifts to 2%, rejected DVO valuation for construction costs, emphasizing assessments cannot rely on post-search material. It also adjusted undisclosed income for a flat purchase based on actual payment difference. The ITAT's decisions favored the assessees on multiple issues raised during the block assessments. Case-Laws Income Tax Tue, 21 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70657