Dismissing the appeal of the revenue the Court held that; the Tribunal after looking into the net profit of the assessee in the different projects, directed 15 per cent. of the total undisclosed receipts to be taken as the undisclosed income. No question of law arises.
CIT v. C. Najeeb (2019) 411 ITR 487/ 178 DTR 57/ 309 CTR 77 (Ker.)(HC)
S. 158BC : Block assessment-Undisclosed income—Does not mean entire undisclosed receipts—Tribunal justified in estimating 15% percentage of undisclosed receipts as undisclosed income. [S.158B(b)]