https://www.taxtmi.com/caselaws?id=14044 The court upheld the notice issued under section 158BD of the Income-tax Act, 1961, finding that there was sufficient material indicating undisclosed income. The petitioner's challenges regarding the validity of the notice, genuineness of transactions, and applicability of certain sections were dismissed. The court also rejected the argument that proceedings under section 158BD could only commence after proceedings under section 158BC. Ultimately, the court found no merit in the petitioner's contentions and dismissed the petition, upholding the notice and vacating any interim relief granted. en-us Thu, 25 Jan 2001 00:00:00 +0530 Tue, 07 Jul 2009 18:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14044 The court upheld the notice issued under section 158BD of the Income-tax Act, 1961, finding that there was sufficient material indicating undisclosed income. The petitioner's challenges regarding the validity of the notice, genuineness of transactions, and applicability of certain sections were dismissed. The court also rejected the argument that proceedings under section 158BD could only commence after proceedings under section 158BC. Ultimately, the court found no merit in the petitioner's contentions and dismissed the petition, upholding the notice and vacating any interim relief granted. Case-Laws Income Tax Thu, 25 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14044