– held, in the example of unaccounted sales no bill are provided and ergo no customer pays fees and you may levies which will influence inside the large earnings into the supplier meaning that observed a projected 2% profit rate for supari company as opposed to the 5% projected of the AO. – S. 132(4) : Look and seizure – Report for the oath – set-off income stated by the assessee in the report filed u/s. 132(4) of Work out-of undisclosed money calculated from the AO was allowed while the if not it could add up to double introduction for an equivalent lapse based in the Courses of Accounts – S. 234A & 234B- interest- Standard when you look at the furnishing get back of income & according away from advance tax correspondingly – focus are rechargeable on day from expiry of your own Notice period given you/s. 153A of your own Operate on day [...]