https://www.taxtmi.com/caselaws?id=241758 The Court upheld the validity of the reassessment under Sections 147 and 148 of the Income Tax Act, 1961, dismissing the appeals. The additions made on account of reserves in the Sundry World Bank Account and undisclosed income on octroi estimates were deemed legally and factually correct. The Court ruled in favor of the revenue, affirming all substantial questions of law against the assessee. en-us Sat, 21 Dec 2013 00:00:00 +0530 Tue, 31 Dec 2013 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241758 The Court upheld the validity of the reassessment under Sections 147 and 148 of the Income Tax Act, 1961, dismissing the appeals. The additions made on account of reserves in the Sundry World Bank Account and undisclosed income on octroi estimates were deemed legally and factually correct. The Court ruled in favor of the revenue, affirming all substantial questions of law against the assessee. Case-Laws Income Tax Sat, 21 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241758