https://www.taxtmi.com/caselaws?id=176357 The Tribunal upheld the first appellate order, ruling that the notice issued under section 158BD against the assessee was unjustified. The addition of Rs. 29,04,350/- as undisclosed income was deleted as the Tribunal found that the A.O. did not have proper satisfaction to initiate proceedings under section 158BD based on contradictory stands and insufficient evidence. The appeal was dismissed, affirming the deletion of the undisclosed income addition. en-us Wed, 23 Feb 2011 00:00:00 +0530 Mon, 21 Dec 2015 09:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176357 The Tribunal upheld the first appellate order, ruling that the notice issued under section 158BD against the assessee was unjustified. The addition of Rs. 29,04,350/- as undisclosed income was deleted as the Tribunal found that the A.O. did not have proper satisfaction to initiate proceedings under section 158BD based on contradictory stands and insufficient evidence. The appeal was dismissed, affirming the deletion of the undisclosed income addition. Case-Laws Income Tax Wed, 23 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176357