https://www.taxtmi.com/caselaws?id=9891 The court upheld the issuance of notices under section 158BD of the Income-tax Act, 1961, for verification purposes, dismissing the writ appeals. The petitioners' challenge to the notice and request to drop the proceedings were denied. The court emphasized that the petitioners would be liable for tax on any additional income received beyond their tax returns and that the notices aimed to verify if any income had escaped assessment. The court left it to the Assessment Officer to determine the acceptability of the petitioners' explanations regarding the disputed amounts, ultimately finding no grounds to interfere with the lower court's decision. en-us Wed, 09 Aug 2006 00:00:00 +0530 Thu, 02 Jul 2009 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9891 The court upheld the issuance of notices under section 158BD of the Income-tax Act, 1961, for verification purposes, dismissing the writ appeals. The petitioners' challenge to the notice and request to drop the proceedings were denied. The court emphasized that the petitioners would be liable for tax on any additional income received beyond their tax returns and that the notices aimed to verify if any income had escaped assessment. The court left it to the Assessment Officer to determine the acceptability of the petitioners' explanations regarding the disputed amounts, ultimately finding no grounds to interfere with the lower court's decision. Case-Laws Income Tax Wed, 09 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9891