https://www.taxtmi.com/caselaws?id=56634 The Tribunal partly allowed both appeals, emphasizing procedural compliance, the importance of actual entries in block assessments, and the reasonable acceptance of explanations for cash savings. The Tribunal upheld an addition of Rs. 92,490 as undisclosed income for the assessment year 1996-97, directing the Assessing Officer to calculate the proportionate addition. However, the Tribunal deleted the addition of Rs. 25,000 representing unexplained cash, noting the credibility of the assessees' explanation as reputable pathologists. The defects in the notice issued under section 158BC(a) were deemed curable under section 292B of the Income-tax Act, given the assessees' understanding and compliance with the notice during assessment proceedings. en-us Fri, 29 May 1998 00:00:00 +0530 Mon, 06 Dec 2010 10:15:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56634 The Tribunal partly allowed both appeals, emphasizing procedural compliance, the importance of actual entries in block assessments, and the reasonable acceptance of explanations for cash savings. The Tribunal upheld an addition of Rs. 92,490 as undisclosed income for the assessment year 1996-97, directing the Assessing Officer to calculate the proportionate addition. However, the Tribunal deleted the addition of Rs. 25,000 representing unexplained cash, noting the credibility of the assessees' explanation as reputable pathologists. The defects in the notice issued under section 158BC(a) were deemed curable under section 292B of the Income-tax Act, given the assessees' understanding and compliance with the notice during assessment proceedings. Case-Laws Income Tax Fri, 29 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56634