https://www.taxtmi.com/caselaws?id=64841 The Tribunal determined that the notice under section 158BC, which provided less than the statutory 15 days for filing the return, was procedurally defective but curable, not rendering the assessment null. The jurisdiction to assess undisclosed income under Chapter XIV-B is conferred by section 158BA, following a search, not by the notice. The Tribunal set aside the impugned order, directing the Assessing Officer to issue a valid notice and complete the assessment anew. Appeals were allowed for statistical purposes, emphasizing the need for compliance with procedural requirements. en-us Fri, 09 Mar 2007 00:00:00 +0530 Mon, 11 Mar 2024 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64841 The Tribunal determined that the notice under section 158BC, which provided less than the statutory 15 days for filing the return, was procedurally defective but curable, not rendering the assessment null. The jurisdiction to assess undisclosed income under Chapter XIV-B is conferred by section 158BA, following a search, not by the notice. The Tribunal set aside the impugned order, directing the Assessing Officer to issue a valid notice and complete the assessment anew. Appeals were allowed for statistical purposes, emphasizing the need for compliance with procedural requirements. Case-Laws Income Tax Fri, 09 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64841