If no suppression of income detected during search then no estimation of undisclosed income u/s. 145 can be made

IN THE ITAT HYDERABAD BENCH ‘A’ Nagarjuna Construction Co. Ltd. V/s. Deputy Commissioner of Income-tax IT (SS) APPEAL NOS. 88 & 94 (HYD.) OF 2004 [BLOCK PERIOD : ASSESSMENT YEARS 1996-97 TO 2001-02 AND UPTO 20-12-2001] MARCH 30, 2012 ORDER Chandra Poojari, Accountant Member  These two appeals are cross appeals directed against the order of the CIT(A)-I, Hyderabad dated 10.6.2004 for the block period A.Ys. 1996-97 to 2001-02 and up to 20.12.2001. 2. Brief facts of the issue are that in this case there was a search action u/s. 132 of the Income-tax Act, 1961 on ...