https://www.taxtmi.com/caselaws?id=152119 The Commission revised the cost of construction for two properties, assessing unexplained income over various years. Contributions to a Pigmy deposit scheme were included in additional income calculations. The explanation for seized funds during search operations was accepted, with loans and commissions considered as additional income. Interest and penalties were adjusted for different assessment years, with penalties waived due to the applicant's cooperation. The Assessing Officer was directed to compute tax and interest, with a specified payment deadline and provisions for voiding the order in case of fraud. en-us Wed, 25 Mar 1992 00:00:00 +0530 Tue, 25 Jun 2013 10:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152119 The Commission revised the cost of construction for two properties, assessing unexplained income over various years. Contributions to a Pigmy deposit scheme were included in additional income calculations. The explanation for seized funds during search operations was accepted, with loans and commissions considered as additional income. Interest and penalties were adjusted for different assessment years, with penalties waived due to the applicant's cooperation. The Assessing Officer was directed to compute tax and interest, with a specified payment deadline and provisions for voiding the order in case of fraud. Case-Laws Income Tax Wed, 25 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152119