https://www.taxtmi.com/caselaws?id=242380 The High Court remanded the case back to the Tribunal for proper assessment under Section 158BD based on seized documents. The Tribunal revised the undisclosed income estimation for the financial year 1992-93 to Rs. 2.85 lakhs, considering only the Narakkal range. For the financial year 1993-94, the Tribunal upheld the AO's approach of estimating income based on net collections. In the financial year 1995-96, the Tribunal confirmed the addition of Rs. 58,753 as undisclosed income. The appeal was partly allowed, modifying the assessment for 1992-93 and confirming the assessments for 1993-94 and 1995-96. en-us Fri, 10 Jan 2014 00:00:00 +0530 Tue, 14 Jan 2014 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242380 The High Court remanded the case back to the Tribunal for proper assessment under Section 158BD based on seized documents. The Tribunal revised the undisclosed income estimation for the financial year 1992-93 to Rs. 2.85 lakhs, considering only the Narakkal range. For the financial year 1993-94, the Tribunal upheld the AO's approach of estimating income based on net collections. In the financial year 1995-96, the Tribunal confirmed the addition of Rs. 58,753 as undisclosed income. The appeal was partly allowed, modifying the assessment for 1992-93 and confirming the assessments for 1993-94 and 1995-96. Case-Laws Income Tax Fri, 10 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242380