https://www.taxtmi.com/caselaws?id=69658 The Tribunal found in favor of the assessee on several issues, including considering reminders as valid notice under section 158BC, determining the assessment was within the time limit, upholding disallowance of commission expenses, additions due to inadequate personal drawings and unexplained bank deposits, and allowing interest on a loan taken from the State Bank of India and deletion of unexplained peak investment and bad debts. The Tribunal also directed the Assessing Officer to credit the addition made on account of unexplained sources of income. The Department's appeal was dismissed, and the assessee's appeal was partially allowed. en-us Mon, 07 Jul 2003 00:00:00 +0530 Mon, 11 Apr 2011 12:54:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69658 The Tribunal found in favor of the assessee on several issues, including considering reminders as valid notice under section 158BC, determining the assessment was within the time limit, upholding disallowance of commission expenses, additions due to inadequate personal drawings and unexplained bank deposits, and allowing interest on a loan taken from the State Bank of India and deletion of unexplained peak investment and bad debts. The Tribunal also directed the Assessing Officer to credit the addition made on account of unexplained sources of income. The Department's appeal was dismissed, and the assessee's appeal was partially allowed. Case-Laws Income Tax Mon, 07 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69658