https://www.taxtmi.com/caselaws?id=334193 HC upheld assessment under s.153A, holding that statements recorded during search and seizure and seized documents were probative and could be acted upon; the assessee's contention to disregard them was rejected. The court also sustained rejection of books and the method of estimating turnover and applying a high GP rate to compute undisclosed income, finding ITAT's inferences logical and reasonably connected to seized material and statements. Both legal questions were answered against the assessee and in favour of the revenue. en-us Thu, 27 Oct 2016 00:00:00 +0530 Wed, 05 Nov 2025 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334193 HC upheld assessment under s.153A, holding that statements recorded during search and seizure and seized documents were probative and could be acted upon; the assessee's contention to disregard them was rejected. The court also sustained rejection of books and the method of estimating turnover and applying a high GP rate to compute undisclosed income, finding ITAT's inferences logical and reasonably connected to seized material and statements. Both legal questions were answered against the assessee and in favour of the revenue. Case-Laws Income Tax Thu, 27 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334193