https://www.taxtmi.com/caselaws?id=214730 A revision under section 263 that only directs a fresh assessment does not finally determine the disputed additions, so the consequential assessment remains appealable and cannot be treated as non-maintainable. Once the revision order is quashed, the original assessment revives and the assessee is entitled to a decision on merits. In reassessment, findings in connected criminal proceedings regarding ownership of cash, gold, fixed deposits and related assets were treated as substantial evidence in income-tax proceedings, even though the tax standard remains preponderance of probability. The assessment additions were therefore deleted, and the matters requiring reconsideration were remanded for fresh disposal on merits. en-us Thu, 31 May 2012 00:00:00 +0530 Wed, 01 Aug 2012 00:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214730 A revision under section 263 that only directs a fresh assessment does not finally determine the disputed additions, so the consequential assessment remains appealable and cannot be treated as non-maintainable. Once the revision order is quashed, the original assessment revives and the assessee is entitled to a decision on merits. In reassessment, findings in connected criminal proceedings regarding ownership of cash, gold, fixed deposits and related assets were treated as substantial evidence in income-tax proceedings, even though the tax standard remains preponderance of probability. The assessment additions were therefore deleted, and the matters requiring reconsideration were remanded for fresh disposal on merits. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214730