https://www.taxtmi.com/caselaws?id=203084 A valid section 158BD initiation requires only prima facie satisfaction based on search material relating to another person's undisclosed income, and that satisfaction need not be recorded in any prescribed form; the notice was therefore upheld, and the assessee's minority for part of the block period did not invalidate proceedings after she attained majority. Income attributable to a minor's undisclosed investment, where not arising from personal effort, had to be clubbed in the parent's hands under section 64(1A); the assessment was modified to that extent. Reasonable estimation was permissible on the available material, though the land purchase price required downward adjustment, and surcharge under section 113 was held leviable. en-us Wed, 15 Dec 2010 00:00:00 +0530 Fri, 20 Jan 2012 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203084 A valid section 158BD initiation requires only prima facie satisfaction based on search material relating to another person's undisclosed income, and that satisfaction need not be recorded in any prescribed form; the notice was therefore upheld, and the assessee's minority for part of the block period did not invalidate proceedings after she attained majority. Income attributable to a minor's undisclosed investment, where not arising from personal effort, had to be clubbed in the parent's hands under section 64(1A); the assessment was modified to that extent. Reasonable estimation was permissible on the available material, though the land purchase price required downward adjustment, and surcharge under section 113 was held leviable. Case-Laws Income Tax Wed, 15 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203084