https://www.taxtmi.com/caselaws?id=253842 The High Court dismissed the Revenue's appeal against the ITAT's findings for the assessment year 2008-09 under Section 260A of the Income Tax Act. The ITAT's decision to set aside the Commissioner's order under Section 263 was upheld, as the assessee had submitted confirmed copies of accounts. The Court found no specific discrepancies in the confirmations provided by the assessee, emphasizing the importance of timely assessment proceedings and upheld the principle of finality in scrutiny assessments. en-us Wed, 26 Nov 2014 00:00:00 +0530 Fri, 05 Dec 2014 12:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253842 The High Court dismissed the Revenue's appeal against the ITAT's findings for the assessment year 2008-09 under Section 260A of the Income Tax Act. The ITAT's decision to set aside the Commissioner's order under Section 263 was upheld, as the assessee had submitted confirmed copies of accounts. The Court found no specific discrepancies in the confirmations provided by the assessee, emphasizing the importance of timely assessment proceedings and upheld the principle of finality in scrutiny assessments. Case-Laws Income Tax Wed, 26 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253842