https://www.taxtmi.com/caselaws?id=67542 The Tribunal dismissed all appeals of the assessee, upholding the assessments based on the agreed amounts, rejecting the plea for telescoping income, and affirming the automatic levy of interest. The Tribunal ruled that despite retaining the right to appeal, the assessee could not contest the assessments made on the basis of their own offers. Additionally, the Tribunal emphasized the binding nature of admissions by the assessee's counsels and rejected the initiation of penalty proceedings as the ground was not pursued during the hearing. en-us Tue, 29 Jul 1997 00:00:00 +0530 Tue, 05 Apr 2016 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67542 The Tribunal dismissed all appeals of the assessee, upholding the assessments based on the agreed amounts, rejecting the plea for telescoping income, and affirming the automatic levy of interest. The Tribunal ruled that despite retaining the right to appeal, the assessee could not contest the assessments made on the basis of their own offers. Additionally, the Tribunal emphasized the binding nature of admissions by the assessee's counsels and rejected the initiation of penalty proceedings as the ground was not pursued during the hearing. Case-Laws Income Tax Tue, 29 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67542