Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (3) TMI 702 - MADRAS HIGH COURTSearch and seizure - Income from undisclosed source - assessee's husband has voluntarily given the sworn statement – assessee's husband is in charge of the business of the assessee - sales suppression in the assessee's proprietary - assessee was silent without producing any material evidence - no error or irregularity in the order passed by the Tribunal Regarding estimation of income - In the absence of any valid material on record, we are of the view that the Tribunal is correct in fixing the gross profit at 8 per cent - Decided against the assessee
|