https://www.taxtmi.com/caselaws?id=443981 The appeal was dismissed as no substantial question of law was involved. The HC upheld the concurrent findings of the CITA and ITAT, declaring the proceedings under Section 153C of the Income Tax Act invalid due to lack of jurisdiction. The AO's addition of Rs. 9,63,00,000/- under Section 68 was deemed untenable, as no undisclosed assets were found. Furthermore, the failure to issue a mandatory notice under Section 143(2) invalidated the assessment for AY 2011-12. en-us Mon, 14 Aug 2023 00:00:00 +0530 Mon, 04 Dec 2023 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443981 The appeal was dismissed as no substantial question of law was involved. The HC upheld the concurrent findings of the CITA and ITAT, declaring the proceedings under Section 153C of the Income Tax Act invalid due to lack of jurisdiction. The AO's addition of Rs. 9,63,00,000/- under Section 68 was deemed untenable, as no undisclosed assets were found. Furthermore, the failure to issue a mandatory notice under Section 143(2) invalidated the assessment for AY 2011-12. Case-Laws Income Tax Mon, 14 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443981