https://www.taxtmi.com/caselaws?id=215346 The Tribunal dismissed the Revenue's appeal, holding the proceedings under Section 158BD invalid due to inordinate delay, resulting in the deletion of the Rs. 3,25,000 addition. Emphasizing the importance of timely action, the Tribunal referenced precedents indicating that proceedings initiated without prior satisfaction are invalid. The Tribunal's decision highlighted the need for promptness in such cases to maintain fairness and prevent prolonged uncertainty for taxpayers. en-us Fri, 06 Jul 2012 00:00:00 +0530 Tue, 31 Jul 2012 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215346 The Tribunal dismissed the Revenue's appeal, holding the proceedings under Section 158BD invalid due to inordinate delay, resulting in the deletion of the Rs. 3,25,000 addition. Emphasizing the importance of timely action, the Tribunal referenced precedents indicating that proceedings initiated without prior satisfaction are invalid. The Tribunal's decision highlighted the need for promptness in such cases to maintain fairness and prevent prolonged uncertainty for taxpayers. Case-Laws Income Tax Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215346