https://www.taxtmi.com/caselaws?id=62023 The Tribunal upheld the Commissioner of Income-tax's orders under section 263 for the assessment years 1994-95 and 1995-96, dismissing the appeals by the assessee. It determined the assessee's status as an AOP, emphasizing the significance of timely compliance with filing requirements under section 139 and the conditional nature of being assessed as a registered firm. The Tribunal found that the Assessing Officer's failure to ascertain the correct status resulted in undue tax advantages to the assessee, prejudicing revenue. en-us Fri, 13 Sep 2002 00:00:00 +0530 Mon, 17 Jan 2011 17:12:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62023 The Tribunal upheld the Commissioner of Income-tax's orders under section 263 for the assessment years 1994-95 and 1995-96, dismissing the appeals by the assessee. It determined the assessee's status as an AOP, emphasizing the significance of timely compliance with filing requirements under section 139 and the conditional nature of being assessed as a registered firm. The Tribunal found that the Assessing Officer's failure to ascertain the correct status resulted in undue tax advantages to the assessee, prejudicing revenue. Case-Laws Income Tax Fri, 13 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62023