https://www.taxtmi.com/caselaws?id=265534 The court declined to condone a 344-day delay in re-filing the appeal, attributing it to casualness on the Revenue's counsel's part. The appeal was dismissed as no satisfactory explanation for the delay was provided. The court upheld the ITAT's decision to quash reassessment proceedings under Section 147/148 of the Income Tax Act, 1961, due to the Assessing Officer's lack of specific material supporting the claim of escaped income. The discrepancies in the investigation report and actual additions made indicated uncertainty, leading to the dismissal of the appeal on procedural and merit grounds. en-us Mon, 24 Aug 2015 00:00:00 +0530 Tue, 07 Jun 2016 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265534 The court declined to condone a 344-day delay in re-filing the appeal, attributing it to casualness on the Revenue's counsel's part. The appeal was dismissed as no satisfactory explanation for the delay was provided. The court upheld the ITAT's decision to quash reassessment proceedings under Section 147/148 of the Income Tax Act, 1961, due to the Assessing Officer's lack of specific material supporting the claim of escaped income. The discrepancies in the investigation report and actual additions made indicated uncertainty, leading to the dismissal of the appeal on procedural and merit grounds. Case-Laws Income Tax Mon, 24 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265534