ITAT Mumbai: Sections 147/148 Apply even if AO not invokes Section 153C; ₹4.89 Cr Addition Upheld Under Section 68

Vijay Maneklal Bhansali Vs ITO (ITAT Mumbai)

Sections 147/148 remain applicable if AO opts not to invoke Section 153C:   ITAT Mumbai upholds addition under Section 68 of ₹4.89 Cr.

The case of Vijay Maneklal Bhansali vs. ITO revolves around the reassessment under Sections 147/148 of the Income-tax Act, 1961, and the addition of ₹4.89 crore under Section 68. The appellant, Vijay Maneklal Bhansali, challenged the reassessment order citing procedural and jurisdictional lapses by the Assessing Officer (AO). The ITAT Mumbai addressed the leg

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