https://www.taxtmi.com/caselaws?id=242060 The High Court set aside the Tribunal's decision and remitted the appeal for merit consideration, ruling that the assessment under section 158BC was void due to the warrant of authorization not being in the assessee's name. The assessing officer's estimation of undisclosed income based on sales suppression was upheld, as partners admitted to the suppression. The CIT(A) deletion of additions was overturned for lack of reliance on search operation materials. The Tribunal directed reevaluation of seized materials and statements, finding the assessing officer's methodology flawed. The cross objection supporting CIT(A) was dismissed as the issue was remitted, allowing the revenue's appeal for statistical purposes. en-us Wed, 29 May 2013 00:00:00 +0530 Tue, 07 Jan 2014 07:03:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242060 The High Court set aside the Tribunal's decision and remitted the appeal for merit consideration, ruling that the assessment under section 158BC was void due to the warrant of authorization not being in the assessee's name. The assessing officer's estimation of undisclosed income based on sales suppression was upheld, as partners admitted to the suppression. The CIT(A) deletion of additions was overturned for lack of reliance on search operation materials. The Tribunal directed reevaluation of seized materials and statements, finding the assessing officer's methodology flawed. The cross objection supporting CIT(A) was dismissed as the issue was remitted, allowing the revenue's appeal for statistical purposes. Case-Laws Income Tax Wed, 29 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242060