https://www.taxtmi.com/caselaws?id=360240 The tribunal upheld the lower authorities' decision to invoke best judgment assessment under Section 144 of the Income Tax Act due to the assessee's non-compliance with notices, rejecting the assessee's appeal. Additionally, the tribunal confirmed the addition of Rs. 2,45,00,000/- as undisclosed income, ruling that the amount was unaccounted for and dismissing the assessee's arguments regarding losses from embezzlement. The tribunal's decision was pronounced on 11.05.2018. en-us Fri, 11 May 2018 00:00:00 +0530 Sat, 12 May 2018 08:44:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360240 The tribunal upheld the lower authorities' decision to invoke best judgment assessment under Section 144 of the Income Tax Act due to the assessee's non-compliance with notices, rejecting the assessee's appeal. Additionally, the tribunal confirmed the addition of Rs. 2,45,00,000/- as undisclosed income, ruling that the amount was unaccounted for and dismissing the assessee's arguments regarding losses from embezzlement. The tribunal's decision was pronounced on 11.05.2018. Case-Laws Income Tax Fri, 11 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360240