https://www.taxtmi.com/caselaws?id=382221 The Court upheld the Commissioner's exercise of power under Section 263, finding no infirmity in reassessing the net profit based on unsecured loans/creditors. The final assessment order was deemed conclusive, with no substantial questions of law raised by the appellant. The Court allowed the appellant to challenge the order within legal bounds but did not grant further indulgence. en-us Thu, 02 May 2019 00:00:00 +0530 Thu, 27 Jun 2019 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382221 The Court upheld the Commissioner's exercise of power under Section 263, finding no infirmity in reassessing the net profit based on unsecured loans/creditors. The final assessment order was deemed conclusive, with no substantial questions of law raised by the appellant. The Court allowed the appellant to challenge the order within legal bounds but did not grant further indulgence. Case-Laws Income Tax Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382221