https://www.taxtmi.com/caselaws?id=204484 HC held that the Appellate Tribunal correctly found no evidence in the search to establish suppression of sales for AYs 1996-97 to 2000-01. The court noted the AO's powers under s.131 are coextensive with civil court powers for discovery, attendance and production; partner and employee statements and collected documents are admissible in investigations under the Act. The proviso to s.113 was characterized as a clarification. First- and second-appeal orders were set aside; the assessment was restored but modified to quantify concealment at 14% of total turnover. Appeal allowed partly. en-us Wed, 26 May 2010 00:00:00 +0530 Fri, 29 Aug 2025 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204484 HC held that the Appellate Tribunal correctly found no evidence in the search to establish suppression of sales for AYs 1996-97 to 2000-01. The court noted the AO's powers under s.131 are coextensive with civil court powers for discovery, attendance and production; partner and employee statements and collected documents are admissible in investigations under the Act. The proviso to s.113 was characterized as a clarification. First- and second-appeal orders were set aside; the assessment was restored but modified to quantify concealment at 14% of total turnover. Appeal allowed partly. Case-Laws Income Tax Wed, 26 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204484