https://www.taxtmi.com/caselaws?id=393428 The Tribunal partially allowed the appeals for the assessment years 2013-14, 2014-15, and 2015-16. It made adjustments to the estimation of business income, reducing it to 8% in alignment with the presumptive rate under Section 44AD. The additions related to cash and jewelry seized during the search were deleted based on explanations provided by the assessee. The charging of interest under Sections 234A, 234B, and 234C was upheld, with provisions for consequential relief. en-us Wed, 26 Feb 2020 00:00:00 +0530 Mon, 16 Mar 2020 07:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393428 The Tribunal partially allowed the appeals for the assessment years 2013-14, 2014-15, and 2015-16. It made adjustments to the estimation of business income, reducing it to 8% in alignment with the presumptive rate under Section 44AD. The additions related to cash and jewelry seized during the search were deleted based on explanations provided by the assessee. The charging of interest under Sections 234A, 234B, and 234C was upheld, with provisions for consequential relief. Case-Laws Income Tax Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393428