https://www.taxtmi.com/caselaws?id=14491 HC held that proceedings under ss.158BB/158BC concern undisclosed income and require adjudication of returns with reference to material seized in a search. The court agreed with the Tribunal that the Assessing Officer failed to record findings that the returns contradicted seized material and did not estimate income by reference to that material. Consequently the AO's best-judgment assessment was unsustainable, and the Tribunal's decision quashing the assessment was correctly reached. en-us Thu, 09 Nov 2000 00:00:00 +0530 Mon, 06 Oct 2025 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14491 HC held that proceedings under ss.158BB/158BC concern undisclosed income and require adjudication of returns with reference to material seized in a search. The court agreed with the Tribunal that the Assessing Officer failed to record findings that the returns contradicted seized material and did not estimate income by reference to that material. Consequently the AO's best-judgment assessment was unsustainable, and the Tribunal's decision quashing the assessment was correctly reached. Case-Laws Income Tax Thu, 09 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14491