https://www.taxtmi.com/caselaws?id=71191 The Tribunal quashed the assessment as void ab initio due to non-compliance with the time limit under s. 158BE. It directed the AO to adjust the treatment of duplicate books, considering only unconfirmed sales as the assessee's. It also recalculated undisclosed income, reducing sales outside books and commission income, and addressed stock discrepancies by valuing excess stock at a lower rate. This resulted in partial relief to the assessee. en-us Tue, 12 Oct 2004 00:00:00 +0530 Mon, 24 Jun 2024 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71191 The Tribunal quashed the assessment as void ab initio due to non-compliance with the time limit under s. 158BE. It directed the AO to adjust the treatment of duplicate books, considering only unconfirmed sales as the assessee's. It also recalculated undisclosed income, reducing sales outside books and commission income, and addressed stock discrepancies by valuing excess stock at a lower rate. This resulted in partial relief to the assessee. Case-Laws Income Tax Tue, 12 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71191