https://www.taxtmi.com/caselaws?id=72007 The Tribunal upheld the validity of the notice under Section 148 and the ex parte assessment under Section 144 of the IT Act. The addition of Rs. 21,500 on account of a deposit in a specific bank account was not further addressed. Regarding the addition of Rs. 17 lacs on account of unexplained investment in FDRs, the Tribunal remitted the case to the AO for fresh consideration in alignment with the related case of Shri R.K. Samuel, whose funds were confirmed to be the source of the investment. en-us Mon, 08 Sep 2008 00:00:00 +0530 Tue, 11 Jun 2013 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72007 The Tribunal upheld the validity of the notice under Section 148 and the ex parte assessment under Section 144 of the IT Act. The addition of Rs. 21,500 on account of a deposit in a specific bank account was not further addressed. Regarding the addition of Rs. 17 lacs on account of unexplained investment in FDRs, the Tribunal remitted the case to the AO for fresh consideration in alignment with the related case of Shri R.K. Samuel, whose funds were confirmed to be the source of the investment. Case-Laws Income Tax Mon, 08 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72007