https://www.taxtmi.com/caselaws?id=341020 The court found in favor of the assessee, ruling that the notice issued under Section 158BC was invalid due to non-compliance with statutory requirements. It also held that the Tribunal's decision to sustain additions without proper reasoning was not legally sustainable. The court emphasized the necessity of corroborative evidence and adherence to procedural compliance in income tax assessments, ultimately allowing the appeal and ruling against the department. en-us Tue, 21 Mar 2017 00:00:00 +0530 Tue, 28 Mar 2017 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341020 The court found in favor of the assessee, ruling that the notice issued under Section 158BC was invalid due to non-compliance with statutory requirements. It also held that the Tribunal's decision to sustain additions without proper reasoning was not legally sustainable. The court emphasized the necessity of corroborative evidence and adherence to procedural compliance in income tax assessments, ultimately allowing the appeal and ruling against the department. Case-Laws Income Tax Tue, 21 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341020