https://www.taxtmi.com/caselaws?id=176406 The Tribunal ruled that the assessment was not time-barred as the search continued until a later date. It upheld that assessments under Chapter XIV-B must adhere to specific procedures and be based on evidence found during the search. Various specific additions made by the Assessing Officer were challenged by the assessee and many were deleted or reduced due to lack of concrete evidence linking them to the assessee. The Tribunal emphasized the importance of relying on actual evidence rather than conjectures or estimates in such assessments. en-us Wed, 29 Jul 1998 00:00:00 +0530 Mon, 09 May 2016 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176406 The Tribunal ruled that the assessment was not time-barred as the search continued until a later date. It upheld that assessments under Chapter XIV-B must adhere to specific procedures and be based on evidence found during the search. Various specific additions made by the Assessing Officer were challenged by the assessee and many were deleted or reduced due to lack of concrete evidence linking them to the assessee. The Tribunal emphasized the importance of relying on actual evidence rather than conjectures or estimates in such assessments. Case-Laws Income Tax Wed, 29 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176406