https://www.taxtmi.com/caselaws?id=24802 The High Court of Madhya Pradesh upheld the Income-tax Appellate Tribunal's decision regarding the application of Section 144B of the Income-tax Act, 1961 in a case involving a Hindu undivided family for the assessment year 1975-76. The court ruled that the invocation of Section 144B was appropriate as the income variation exceeded Rs. one lakh, supporting the Income-tax Officer's actions. Consequently, the court answered the first question affirmatively, leading to a ruling against the assessee. The validity of the assessment order was not considered, and each party was directed to bear their own costs. en-us Sat, 02 Jul 1988 00:00:00 +0530 Fri, 22 Jan 2010 14:13:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24802 The High Court of Madhya Pradesh upheld the Income-tax Appellate Tribunal's decision regarding the application of Section 144B of the Income-tax Act, 1961 in a case involving a Hindu undivided family for the assessment year 1975-76. The court ruled that the invocation of Section 144B was appropriate as the income variation exceeded Rs. one lakh, supporting the Income-tax Officer's actions. Consequently, the court answered the first question affirmatively, leading to a ruling against the assessee. The validity of the assessment order was not considered, and each party was directed to bear their own costs. Case-Laws Income Tax Sat, 02 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24802