https://www.taxtmi.com/caselaws?id=402969 The Tribunal upheld the validity of search and seizure operations under Section 132(1) of the Income Tax Act, dismissing the assessee's challenge. For AY 2007-08, the addition of undisclosed income was deleted. In AY 2010-11, a stock register error was accepted, leading to a deletion, while unexplained cash receipts/payments were upheld. Cross appeals for AY 2009-10 saw the Tribunal allowing the assessee's appeal on raw material issues and the Revenue's appeal on purchases, both sent back for fresh consideration. The disallowance of freight charges was also remanded for verification. en-us Wed, 13 Jan 2021 00:00:00 +0530 Sat, 16 Jan 2021 11:10:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402969 The Tribunal upheld the validity of search and seizure operations under Section 132(1) of the Income Tax Act, dismissing the assessee's challenge. For AY 2007-08, the addition of undisclosed income was deleted. In AY 2010-11, a stock register error was accepted, leading to a deletion, while unexplained cash receipts/payments were upheld. Cross appeals for AY 2009-10 saw the Tribunal allowing the assessee's appeal on raw material issues and the Revenue's appeal on purchases, both sent back for fresh consideration. The disallowance of freight charges was also remanded for verification. Case-Laws Income Tax Wed, 13 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402969