https://www.taxtmi.com/caselaws?id=389436 The ITAT upheld the jurisdiction under section 158BC of the I.T. Act, directing the AO to recompute the undisclosed income by considering comparable cases and actual figures of unaccounted cash receipts. The net profit was estimated based on the rate offered by the assessee in its returns. The assessee's appeal was partly allowed, and the revenue's appeal was dismissed. en-us Wed, 04 Dec 2019 00:00:00 +0530 Sat, 07 Dec 2019 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389436 The ITAT upheld the jurisdiction under section 158BC of the I.T. Act, directing the AO to recompute the undisclosed income by considering comparable cases and actual figures of unaccounted cash receipts. The net profit was estimated based on the rate offered by the assessee in its returns. The assessee's appeal was partly allowed, and the revenue's appeal was dismissed. Case-Laws Income Tax Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389436