S. 158BB : Block assessment–Computation-Undisclosed income– Estimation of profits can be made on the basis of both, material recovered in the search as well as the material available with the AO-Appeal of the revenue is partly allowed.
CIT v. Orma Marble Palace (P) Ltd. (2019) 177 DTR 350 / 308 CTR 584/ 110 Taxman .com 435 (Ker.)(HC)Editorial: SLP of the assessee is dismissed Orma Marble Palace (P) Ltd v CIT ( 2019) 267 Taxman 436 (SC)