https://www.taxtmi.com/caselaws?id=252401 The Tribunal upheld the regular assessment under section 143(3) by ACIT Central Circle-I, finding that the conditions for block assessment were not met and no prejudice was shown to the assessee. It confirmed the assessment under section 143(3) over section 158BC, justifying it with the higher tax rate on undisclosed income. The unexecuted warrant for requisition under section 132A was deemed valid due to cash not handed over. The Tribunal rejected the addition of Rs. 16 lacs without proper documentary evidence and justified the estimated Rs. 10 lacs addition for commission earned. The appeal was dismissed as the Tribunal found no substantial question of law. en-us Tue, 16 Sep 2014 00:00:00 +0530 Tue, 21 Oct 2014 07:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252401 The Tribunal upheld the regular assessment under section 143(3) by ACIT Central Circle-I, finding that the conditions for block assessment were not met and no prejudice was shown to the assessee. It confirmed the assessment under section 143(3) over section 158BC, justifying it with the higher tax rate on undisclosed income. The unexecuted warrant for requisition under section 132A was deemed valid due to cash not handed over. The Tribunal rejected the addition of Rs. 16 lacs without proper documentary evidence and justified the estimated Rs. 10 lacs addition for commission earned. The appeal was dismissed as the Tribunal found no substantial question of law. Case-Laws Income Tax Tue, 16 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252401