https://www.taxtmi.com/caselaws?id=393353 The High Court upheld the validity of the assessment under Section 158BD read with Section 143(3) of the Income Tax Act, ruling in favor of the revenue. The court found the satisfaction note recorded by the Assessing Officer to be valid, based on seized documents. Additionally, the court ruled against the appellant on issues related to ownership of undisclosed income, document discrepancies, assessment as an Association of Persons, estimation of undisclosed income, levy of interest, and sustainability of the impugned order and demand notice not being in the appellant's name. en-us Thu, 30 Jan 2020 00:00:00 +0530 Mon, 22 Jun 2020 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393353 The High Court upheld the validity of the assessment under Section 158BD read with Section 143(3) of the Income Tax Act, ruling in favor of the revenue. The court found the satisfaction note recorded by the Assessing Officer to be valid, based on seized documents. Additionally, the court ruled against the appellant on issues related to ownership of undisclosed income, document discrepancies, assessment as an Association of Persons, estimation of undisclosed income, levy of interest, and sustainability of the impugned order and demand notice not being in the appellant's name. Case-Laws Income Tax Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393353