https://www.taxtmi.com/caselaws?id=57763 The Tribunal ruled in favor of the appellant, emphasizing the need for substantial evidence found during a search to justify assessing undisclosed income under sections 158BC and 158BD of the IT Act. It held that action under 158BC via 158BD is permissible when undisclosed income is linked to a person other than the one searched. The Tribunal concluded that assessing undisclosed income without material found during the search was unjustified, and the tax rate applicability under sections 158BC and 158BD was not addressed due to the deemed nil undisclosed income. en-us Thu, 14 Mar 2002 00:00:00 +0530 Mon, 13 Dec 2010 13:10:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57763 The Tribunal ruled in favor of the appellant, emphasizing the need for substantial evidence found during a search to justify assessing undisclosed income under sections 158BC and 158BD of the IT Act. It held that action under 158BC via 158BD is permissible when undisclosed income is linked to a person other than the one searched. The Tribunal concluded that assessing undisclosed income without material found during the search was unjustified, and the tax rate applicability under sections 158BC and 158BD was not addressed due to the deemed nil undisclosed income. Case-Laws Income Tax Thu, 14 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57763