https://www.taxtmi.com/caselaws?id=218298 The Tribunal upheld the revision order under Section 263, allowing the Administrative Commissioner to direct the AO to examine significant tax implications. It confirmed the jurisdiction of CIT(A) to adjudicate appeals against assessment orders post a revision order. The Tribunal restored the addition of Rs.14,78,500/- relating to seized cash, as the assessee failed to rebut the presumption. Additionally, it upheld the addition of Rs.30,25,850/- for unaccounted payments to NHAI officials. The Tribunal confirmed the additions of Rs.57.50 lakhs for illegal payments and Rs.12.50 lakhs for unaccounted payments, dismissing the appeals by the assessee. en-us Fri, 08 Jun 2012 00:00:00 +0530 Fri, 09 Nov 2012 22:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218298 The Tribunal upheld the revision order under Section 263, allowing the Administrative Commissioner to direct the AO to examine significant tax implications. It confirmed the jurisdiction of CIT(A) to adjudicate appeals against assessment orders post a revision order. The Tribunal restored the addition of Rs.14,78,500/- relating to seized cash, as the assessee failed to rebut the presumption. Additionally, it upheld the addition of Rs.30,25,850/- for unaccounted payments to NHAI officials. The Tribunal confirmed the additions of Rs.57.50 lakhs for illegal payments and Rs.12.50 lakhs for unaccounted payments, dismissing the appeals by the assessee. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218298