https://www.taxtmi.com/caselaws?id=363280 The Tribunal partially allowed the Revenue's appeal in a tax case involving undisclosed income addition, estimation of rental and chadawa income, and Assessing Officer's powers. The Tribunal upheld the addition of undisclosed income but deleted the chadawa income addition, considering it unwarranted. It also restored the rental income addition based on the Annual Let Out Value of properties. The Tribunal emphasized that the Assessing Officer should limit estimations to seized material, directing a recalculation based solely on search documents. This decision balanced the parties' arguments and clarified assessment methodology for future cases. en-us Fri, 06 Jul 2018 00:00:00 +0530 Tue, 10 Jul 2018 09:43:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363280 The Tribunal partially allowed the Revenue's appeal in a tax case involving undisclosed income addition, estimation of rental and chadawa income, and Assessing Officer's powers. The Tribunal upheld the addition of undisclosed income but deleted the chadawa income addition, considering it unwarranted. It also restored the rental income addition based on the Annual Let Out Value of properties. The Tribunal emphasized that the Assessing Officer should limit estimations to seized material, directing a recalculation based solely on search documents. This decision balanced the parties' arguments and clarified assessment methodology for future cases. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363280