https://www.taxtmi.com/caselaws?id=254497 The court upheld the legality of the notice issued under Section 158-BD read with Section 158-BC of the Income Tax Act, as the assessing officer was satisfied with the undisclosed income belonging to the petitioner based on firm records. The court emphasized that proceedings could be initiated against individuals beyond those subject to search if undisclosed income was discovered. Consequently, the court found no grounds for interference and dismissed all writ petitions challenging the notice and proceedings. en-us Wed, 27 Aug 2014 00:00:00 +0530 Fri, 08 May 2015 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254497 The court upheld the legality of the notice issued under Section 158-BD read with Section 158-BC of the Income Tax Act, as the assessing officer was satisfied with the undisclosed income belonging to the petitioner based on firm records. The court emphasized that proceedings could be initiated against individuals beyond those subject to search if undisclosed income was discovered. Consequently, the court found no grounds for interference and dismissed all writ petitions challenging the notice and proceedings. Case-Laws Income Tax Wed, 27 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254497