https://www.taxtmi.com/caselaws?id=339888 The court found in favor of the assessee on both issues. The notice issued under Section 158BC of the Income Tax Act was deemed invalid due to not providing a minimum of 15 days for filing the return, as required by law. Additionally, the addition of Rs. 55,915 on account of unexplained cash was overturned as it failed to consider the amount being part of disclosed undisclosed debtors. The appeal was allowed, setting aside the Tribunal's order and the Assessing Officer's assessment. en-us Wed, 01 Mar 2017 00:00:00 +0530 Tue, 07 Mar 2017 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339888 The court found in favor of the assessee on both issues. The notice issued under Section 158BC of the Income Tax Act was deemed invalid due to not providing a minimum of 15 days for filing the return, as required by law. Additionally, the addition of Rs. 55,915 on account of unexplained cash was overturned as it failed to consider the amount being part of disclosed undisclosed debtors. The appeal was allowed, setting aside the Tribunal's order and the Assessing Officer's assessment. Case-Laws Income Tax Wed, 01 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339888