https://www.taxtmi.com/caselaws?id=72052 The tribunal dismissed the appeal, affirming the validity of the assessment under section 158BD due to the recorded satisfaction inferred from the assessment order and related documents. It concluded that the satisfaction requirement was met, despite not being explicitly documented. Additionally, the tribunal upheld the CIT(A)'s determination of undisclosed income from the transportation of liquor at Rs. 61,800, finding the appellant's challenge on this point non-maintainable since the appellant benefitted from a reduced undisclosed income figure compared to the original assessment. en-us Fri, 16 Jan 2009 00:00:00 +0530 Wed, 01 Nov 2023 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72052 The tribunal dismissed the appeal, affirming the validity of the assessment under section 158BD due to the recorded satisfaction inferred from the assessment order and related documents. It concluded that the satisfaction requirement was met, despite not being explicitly documented. Additionally, the tribunal upheld the CIT(A)'s determination of undisclosed income from the transportation of liquor at Rs. 61,800, finding the appellant's challenge on this point non-maintainable since the appellant benefitted from a reduced undisclosed income figure compared to the original assessment. Case-Laws Income Tax Fri, 16 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72052