Validity of notice issued u/s 148 in absence of Document...

Validity of notice issued u/s 148 in absence of Document Identification Number (DIN) was rejected. The Court observed interim stay by Supreme Court on Delhi High Court's order favouring assessee on DIN issue. Assessee's contention of invalidity of notice u/s 148 without DIN was rejected, relying on Section 292BB deeming notice as served when assessee participates in proceedings. Assessee's explanation of cash deposits from sale of agricultural land was rejected as unregistered agreement contradicted registered sale deed. Addition of cash deposits as income was upheld. Penalty u/s 271(1)(c) for concealment of income was upheld as assessee failed to substantiate source of cash deposits.