https://www.taxtmi.com/caselaws?id=54984 The Tribunal upheld the validity of the notice served under section 148, confirming proper service and satisfaction of conditions. The notice under section 143(2) was deemed timely, not subject to the prescribed time limit. Regarding additions, unexplained bank deposits were partially upheld, NSCs investment in the wife's name was accepted, and the Indira Vikas Patra investment was dismissed. Interest was levied based on the Tribunal's order, while additions for unexplained money lending business and income were deleted. The assessee's appeal was partially allowed, and the revenue's appeal was dismissed. en-us Fri, 29 Jun 2001 00:00:00 +0530 Mon, 22 Nov 2010 10:13:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54984 The Tribunal upheld the validity of the notice served under section 148, confirming proper service and satisfaction of conditions. The notice under section 143(2) was deemed timely, not subject to the prescribed time limit. Regarding additions, unexplained bank deposits were partially upheld, NSCs investment in the wife's name was accepted, and the Indira Vikas Patra investment was dismissed. Interest was levied based on the Tribunal's order, while additions for unexplained money lending business and income were deleted. The assessee's appeal was partially allowed, and the revenue's appeal was dismissed. Case-Laws Income Tax Fri, 29 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54984