https://www.taxtmi.com/caselaws?id=55273 The Tribunal held in favor of the appellant-assessee, M/s Verma Roadways, declaring the assessment bad in law and void ab initio due to various procedural irregularities. The Tribunal found issues with the validity of proceedings under section 132, notice under section 158BC, approval by the Commissioner, determination of undisclosed income, additions on account of cash seized, stock of Supari and Cloth, unexplained investment in house property, unexplained investment in trucks, and additions for part of the assessment year. The appeal was allowed on legal grounds, and certain matters were remanded for fresh assessment by the Assessing Officer. en-us Wed, 15 Sep 1999 00:00:00 +0530 Sun, 06 Feb 2011 04:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55273 The Tribunal held in favor of the appellant-assessee, M/s Verma Roadways, declaring the assessment bad in law and void ab initio due to various procedural irregularities. The Tribunal found issues with the validity of proceedings under section 132, notice under section 158BC, approval by the Commissioner, determination of undisclosed income, additions on account of cash seized, stock of Supari and Cloth, unexplained investment in house property, unexplained investment in trucks, and additions for part of the assessment year. The appeal was allowed on legal grounds, and certain matters were remanded for fresh assessment by the Assessing Officer. Case-Laws Income Tax Wed, 15 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55273