https://www.taxtmi.com/caselaws?id=217771 The appeal was partly allowed for statistical purposes. The issues regarding the additions of Rs. 23,36,000 and Rs. 3,50,000 were remanded back to the Assessing Officer for reconsideration. The validity of the initiation of proceedings under section 158 BD was upheld by the Tribunal. en-us Wed, 18 Jul 2012 00:00:00 +0530 Mon, 01 Oct 2012 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217771 The appeal was partly allowed for statistical purposes. The issues regarding the additions of Rs. 23,36,000 and Rs. 3,50,000 were remanded back to the Assessing Officer for reconsideration. The validity of the initiation of proceedings under section 158 BD was upheld by the Tribunal. Case-Laws Income Tax Wed, 18 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217771