https://www.taxtmi.com/caselaws?id=62265 The Tribunal set aside the CIT(A)'s order in a case involving discrepancies in work-in-progress valuation and unexplained bank deposits, allowing the assessee to approach the Settlement Commission for resolution. The AO's proposed additions were contested by the assessee, emphasizing timing of billings and expenditure. The Tribunal aimed to facilitate efficient dispute resolution and reduce litigation burdens, emphasizing the importance of addressing income assessment discrepancies and penalty implications under the Income Tax Act, 1961. en-us Wed, 13 Jul 1994 00:00:00 +0530 Tue, 18 Jan 2011 18:47:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62265 The Tribunal set aside the CIT(A)'s order in a case involving discrepancies in work-in-progress valuation and unexplained bank deposits, allowing the assessee to approach the Settlement Commission for resolution. The AO's proposed additions were contested by the assessee, emphasizing timing of billings and expenditure. The Tribunal aimed to facilitate efficient dispute resolution and reduce litigation burdens, emphasizing the importance of addressing income assessment discrepancies and penalty implications under the Income Tax Act, 1961. Case-Laws Income Tax Wed, 13 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62265