Dismissing the appeal the Court held that considering the facts of the case assessment in status of Association of persons is held to be valid and also levy of interest under S. 158BFA(1) of the Act .
Sri Venkatesha Bottles v. ACIT (2020) 422 ITR 284 / 107 CCH 0455/ 192 DTR 153/ 316 CTR 204 /273 Taxman 75 (Karn)(HC)
S. 158BD : Block assessment – Undisclosed income of any other person – Search on partners- Assessment in status of Association of persons Justified — Levy of interest u/s 158BFA(1) is held to be valid . [ S.184 158BFA(1) ]