https://www.taxtmi.com/caselaws?id=397770 The Tribunal partly allowed the appeals for the assessment years 2013-14, 2014-15, and 2015-16. It upheld the validity of the assessment under Section 153C and provided guidance on estimating business income, adding seized cash and gold. The Tribunal directed the Assessing Officer to verify specific claims and consider observations in similar cases. The estimation of business income was adjusted, and additions of cash and gold seized were subject to verification, with directions to treat them in line with the findings. en-us Fri, 21 Aug 2020 00:00:00 +0530 Fri, 28 Aug 2020 17:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397770 The Tribunal partly allowed the appeals for the assessment years 2013-14, 2014-15, and 2015-16. It upheld the validity of the assessment under Section 153C and provided guidance on estimating business income, adding seized cash and gold. The Tribunal directed the Assessing Officer to verify specific claims and consider observations in similar cases. The estimation of business income was adjusted, and additions of cash and gold seized were subject to verification, with directions to treat them in line with the findings. Case-Laws Income Tax Fri, 21 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397770