https://www.taxtmi.com/caselaws?id=371681 The tribunal upheld the Commissioner of Income Tax (Appeal)'s decision in a case involving the validity of a notice under Section 148 of the Income Tax Act, 1961. The tribunal found that the notice was justified based on information received about Client Code Modification (CCM) misuse for tax evasion. The tribunal also upheld the addition of Rs. 4,63,706 as concealed income, as the assessee failed to substantiate genuine losses and disprove involvement in the CCM scheme. The appeal was dismissed, and the order was pronounced on 30-10-2018. en-us Tue, 30 Oct 2018 00:00:00 +0530 Sat, 08 Dec 2018 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371681 The tribunal upheld the Commissioner of Income Tax (Appeal)'s decision in a case involving the validity of a notice under Section 148 of the Income Tax Act, 1961. The tribunal found that the notice was justified based on information received about Client Code Modification (CCM) misuse for tax evasion. The tribunal also upheld the addition of Rs. 4,63,706 as concealed income, as the assessee failed to substantiate genuine losses and disprove involvement in the CCM scheme. The appeal was dismissed, and the order was pronounced on 30-10-2018. Case-Laws Income Tax Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371681