https://www.taxtmi.com/caselaws?id=362635 The Tribunal upheld the validity of the order passed under section 153B(1)(b) of the Income Tax Act, 1961, ruling that the notice under section 143(2) was not mandatory. The issuance of notices under section 153A and the addition of Rs. 1,07,00,000/- under section 68 were also upheld, citing inconsistencies in the assessee's explanations. The charging of interest under sections 234A, 234B, and 234C was deemed consequential to the primary findings. The appeal was dismissed, and the Tribunal's decision was delivered on 27.06.2018. en-us Wed, 27 Jun 2018 00:00:00 +0530 Thu, 28 Jun 2018 19:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362635 The Tribunal upheld the validity of the order passed under section 153B(1)(b) of the Income Tax Act, 1961, ruling that the notice under section 143(2) was not mandatory. The issuance of notices under section 153A and the addition of Rs. 1,07,00,000/- under section 68 were also upheld, citing inconsistencies in the assessee's explanations. The charging of interest under sections 234A, 234B, and 234C was deemed consequential to the primary findings. The appeal was dismissed, and the Tribunal's decision was delivered on 27.06.2018. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362635