https://www.taxtmi.com/caselaws?id=120625 The Tribunal upheld the CIT(A)'s order, rejecting the appellant's argument that it was "bad in law." The appellant's claim to exclude the Rs. 25 lakhs commission refunded was denied as it did not pertain to the escaped income identified in the reassessment notice. The Tribunal emphasized that reassessment proceedings aim to tax escaped income, not to reduce taxable income below the originally assessed amount. Consequently, the appellant's claim was dismissed, affirming the decision of the Assessing Officer and CIT(A). en-us Fri, 01 Feb 2008 00:00:00 +0530 Mon, 23 Jul 2012 10:58:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120625 The Tribunal upheld the CIT(A)'s order, rejecting the appellant's argument that it was "bad in law." The appellant's claim to exclude the Rs. 25 lakhs commission refunded was denied as it did not pertain to the escaped income identified in the reassessment notice. The Tribunal emphasized that reassessment proceedings aim to tax escaped income, not to reduce taxable income below the originally assessed amount. Consequently, the appellant's claim was dismissed, affirming the decision of the Assessing Officer and CIT(A). Case-Laws Income Tax Fri, 01 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120625