https://www.taxtmi.com/caselaws?id=278576 The Tribunal upheld the reassessment orders for assessment years 2003-04 and 2004-05, confirming additions made by the Assessing Officer and interest charged under section 234B of the Income Tax Act. The reassessment was deemed valid under section 147, initiated based on undisclosed income from various sources. The Tribunal found the reassessment timely under section 149(1)(b) due to income exceeding a specified amount. The appeals challenging the reassessment, additions, and interest levy were dismissed, affirming the orders of the ld. CIT(A) in Chennai on 27th September 2017. en-us Wed, 27 Sep 2017 00:00:00 +0530 Wed, 13 Feb 2019 06:04:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278576 The Tribunal upheld the reassessment orders for assessment years 2003-04 and 2004-05, confirming additions made by the Assessing Officer and interest charged under section 234B of the Income Tax Act. The reassessment was deemed valid under section 147, initiated based on undisclosed income from various sources. The Tribunal found the reassessment timely under section 149(1)(b) due to income exceeding a specified amount. The appeals challenging the reassessment, additions, and interest levy were dismissed, affirming the orders of the ld. CIT(A) in Chennai on 27th September 2017. Case-Laws Income Tax Wed, 27 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278576