https://www.taxtmi.com/caselaws?id=178043 The appeals for the assessment years 2001-02 to 2004-05 were allowed due to the absence of incriminating materials. However, the appeals for the assessment years 2005-06 to 2007-08 were dismissed. The legality of the search, lack of opportunity, invocation of Sections 145(3) and 144, estimation of suppressed sales and profits, addition of unexplained investment in stock, and levy of interest were all upheld by the CIT(Appeals) and the Tribunal. en-us Wed, 04 May 2011 00:00:00 +0530 Wed, 27 Jan 2016 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178043 The appeals for the assessment years 2001-02 to 2004-05 were allowed due to the absence of incriminating materials. However, the appeals for the assessment years 2005-06 to 2007-08 were dismissed. The legality of the search, lack of opportunity, invocation of Sections 145(3) and 144, estimation of suppressed sales and profits, addition of unexplained investment in stock, and levy of interest were all upheld by the CIT(Appeals) and the Tribunal. Case-Laws Income Tax Wed, 04 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178043