On appeal by the Revenue the High Court reversed the finding of the Appellate Tribunal wherein the Tribunal has deleted the addition. On SLP against the order of High Court the Court held that it could not be said that the High Court had committed any error in allowing the appeal and quashing the order passed by the Tribunal.(BP. 1-4-1985 to 20-3-1996)
Kuwer Fibres (P.) Ltd. v. CIT (2022) 449 ITR 174 (SC)
S. 158BC : Block assessment-Undisclosed Income-Excess stock found during search-unaccounted income admitted by director in the course of search proceedings-Tribunal deleting the addition-High court reversing the order of the Tribunal-Order of High Court affirmed [S. 158BB, Art. 132]