Undisclosed Income May Be Assessed Using Search Material & Related Information: HC

Mange Ram Mittal Vs CIT (Punjab And Haryana High Court) The Punjab and Haryana High Court examined two appeals arising from a search and assessment under the Income Tax Act, 1961. The appeals challenged the order dated 18.08.2006 passed by a Special Bench of three Members of the Income Tax Appellate Tribunal (ITAT), New Delhi, concerning undisclosed income discovered at the residential premises of the assessee on 28.06.1996. The Assistant Commissioner of Income Tax, Hisar, had completed an additional assessment under Section 132(1) on 27.06.1997. The assessee appealed before the ITAT, and the ...