TAPAN KUMAR DUTTA vs COMMNR. OF INCOME TAX, WEST BENGAL

The Supreme Court upheld the High Court's decision affirming the Income Tax Appellate Tribunal's order regarding the assessment of undisclosed income under Section 158BC and Section 158BD of the Income Tax Act, 1961. The Court clarified that the issuance of a fresh notice does not extend the time for completing the assessment under Chapter XIV of the IT Act. The Court held that the assessment order passed by the Assessing Officer was valid and the undisclosed income was correctly determined at Rs. 66,55,911.