https://www.taxtmi.com/caselaws?id=64863 The Tribunal upheld the CIT(A)'s decision regarding the validity of the assessment under sections 148/143(3) as well as the levy of interest under sections 234B and 234C. In relation to the confirmation of additions under section 68 for gifts received by the assessees, the Tribunal agreed with the CIT(A) that the gifts were not genuine and should be treated as income from undisclosed sources. The Tribunal modified the CIT(A)'s order, directing that the additions should be made under section 69A instead of section 68. The appeals were dismissed accordingly. en-us Thu, 20 Dec 2007 00:00:00 +0530 Sat, 15 Jun 2013 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64863 The Tribunal upheld the CIT(A)'s decision regarding the validity of the assessment under sections 148/143(3) as well as the levy of interest under sections 234B and 234C. In relation to the confirmation of additions under section 68 for gifts received by the assessees, the Tribunal agreed with the CIT(A) that the gifts were not genuine and should be treated as income from undisclosed sources. The Tribunal modified the CIT(A)'s order, directing that the additions should be made under section 69A instead of section 68. The appeals were dismissed accordingly. Case-Laws Income Tax Thu, 20 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64863