https://www.taxtmi.com/caselaws?id=264623 The appeal by the Revenue was against the Commissioner of Income-tax (Appeals) order for the assessment year 2007-08, where the assessee's assessment was based on documents seized during a search operation. The completion method for cost and revenue computation in a construction project, 'Soundarya Nivas,' was scrutinized. The Assessing Officer initially added income based on incomplete project works, which was challenged in appeal. Despite the non-appearance of the assessee during the hearing, the Tribunal emphasized the importance of providing factual information and directed reevaluation based on proper records and evidence. en-us Fri, 04 Sep 2015 00:00:00 +0530 Tue, 29 Sep 2015 08:22:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264623 The appeal by the Revenue was against the Commissioner of Income-tax (Appeals) order for the assessment year 2007-08, where the assessee's assessment was based on documents seized during a search operation. The completion method for cost and revenue computation in a construction project, 'Soundarya Nivas,' was scrutinized. The Assessing Officer initially added income based on incomplete project works, which was challenged in appeal. Despite the non-appearance of the assessee during the hearing, the Tribunal emphasized the importance of providing factual information and directed reevaluation based on proper records and evidence. Case-Laws Income Tax Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264623