https://www.taxtmi.com/caselaws?id=250989 The High Court upheld the Income Tax Appellate Tribunal's decision that additions deleted did not constitute undisclosed income under Sections 158BD and 158BC of the Income Tax Act, 1961. The Court emphasized the necessity of the Assessing Officer of the person searched recording satisfaction for valid initiation of proceedings under Section 158BD. The Court discouraged raising factual issues after significant delays, highlighting the importance of procedural integrity and fairness in tax proceedings. en-us Tue, 12 Aug 2014 00:00:00 +0530 Mon, 01 Sep 2014 08:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250989 The High Court upheld the Income Tax Appellate Tribunal's decision that additions deleted did not constitute undisclosed income under Sections 158BD and 158BC of the Income Tax Act, 1961. The Court emphasized the necessity of the Assessing Officer of the person searched recording satisfaction for valid initiation of proceedings under Section 158BD. The Court discouraged raising factual issues after significant delays, highlighting the importance of procedural integrity and fairness in tax proceedings. Case-Laws Income Tax Tue, 12 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250989