https://www.taxtmi.com/caselaws?id=118334 The Tribunal found that the Assessing Officer's additions of Rs. 2,27,877 and Rs. 2,16,851 for the assessment years 1997-98 and 1998-99 were unjustified. The Tribunal held that the authorized representative lacked specific authority to agree to the additions, and the AO's reasoning for adopting the 27% interest rate was based on surmises without concrete evidence. The Tribunal emphasized the lack of procedural fairness in the assessment process, leading to the deletion of the additions and allowing the appeals. en-us Fri, 21 Apr 2006 00:00:00 +0530 Fri, 29 Jun 2012 18:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118334 The Tribunal found that the Assessing Officer's additions of Rs. 2,27,877 and Rs. 2,16,851 for the assessment years 1997-98 and 1998-99 were unjustified. The Tribunal held that the authorized representative lacked specific authority to agree to the additions, and the AO's reasoning for adopting the 27% interest rate was based on surmises without concrete evidence. The Tribunal emphasized the lack of procedural fairness in the assessment process, leading to the deletion of the additions and allowing the appeals. Case-Laws Income Tax Fri, 21 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118334