https://www.taxtmi.com/caselaws?id=120251 The Tribunal reversed the CIT(A)'s decision and allowed the revenue's appeal, upholding the validity of the assessment proceedings under sections 158BC(c), 158BD, and 144 of the Income-tax Act, 1961. It was determined that the procedural defects were rectifiable under section 292B, and the assessee's reliance on technicalities was rejected. The computation of undisclosed income, including assets and amounts for various financial years, was upheld, emphasizing that the assessee could not evade liability based on technical defects. en-us Fri, 24 Feb 2006 00:00:00 +0530 Tue, 17 Jul 2012 18:41:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120251 The Tribunal reversed the CIT(A)'s decision and allowed the revenue's appeal, upholding the validity of the assessment proceedings under sections 158BC(c), 158BD, and 144 of the Income-tax Act, 1961. It was determined that the procedural defects were rectifiable under section 292B, and the assessee's reliance on technicalities was rejected. The computation of undisclosed income, including assets and amounts for various financial years, was upheld, emphasizing that the assessee could not evade liability based on technical defects. Case-Laws Income Tax Fri, 24 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120251