https://www.taxtmi.com/caselaws?id=3477 For Tribunal jurisdiction under section 255(3), the relevant threshold is the total income as computed by the Assessing Officer, not an enhanced figure adopted by the Commissioner (Appeals); an appellate enhancement does not alter the statutory basis for single-member jurisdiction. On cash credits, the Tribunal's reversal of the Commissioner (Appeals) was sustained because it rested on a categorical factual finding that the assessee was willing to produce the creditors and support the loan transactions, and no material was shown to dislodge that conclusion. The Revenue therefore failed on both questions, and the Tribunal's order in favour of the assessee was maintained. en-us Thu, 15 Nov 2007 00:00:00 +0530 Mon, 28 Jul 2008 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3477 For Tribunal jurisdiction under section 255(3), the relevant threshold is the total income as computed by the Assessing Officer, not an enhanced figure adopted by the Commissioner (Appeals); an appellate enhancement does not alter the statutory basis for single-member jurisdiction. On cash credits, the Tribunal's reversal of the Commissioner (Appeals) was sustained because it rested on a categorical factual finding that the assessee was willing to produce the creditors and support the loan transactions, and no material was shown to dislodge that conclusion. The Revenue therefore failed on both questions, and the Tribunal's order in favour of the assessee was maintained. Case-Laws Income Tax Thu, 15 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3477