https://www.taxtmi.com/caselaws?id=242378 The Tribunal upheld the validity of the assessment order under section 158BC, finding that the necessary approval had been obtained. It also ruled that incriminating material was found during the search, justifying the invocation of section 158BC. The Tribunal allowed the Revenue's appeals, directing the Assessing Officer to re-compute undisclosed income and consider reasonable expenditure. The Tribunal emphasized proper verification and consideration of comparable cases in estimating income. en-us Wed, 11 Dec 2013 00:00:00 +0530 Tue, 14 Jan 2014 09:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242378 The Tribunal upheld the validity of the assessment order under section 158BC, finding that the necessary approval had been obtained. It also ruled that incriminating material was found during the search, justifying the invocation of section 158BC. The Tribunal allowed the Revenue's appeals, directing the Assessing Officer to re-compute undisclosed income and consider reasonable expenditure. The Tribunal emphasized proper verification and consideration of comparable cases in estimating income. Case-Laws Income Tax Wed, 11 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242378