https://www.taxtmi.com/caselaws?id=329980 The Tribunal allowed the appeal on the grounds of jurisdiction over a defunct company, enhancement of income without valid reasons, invalid re-assessment proceedings lacking proper justification, and disputed income inclusion from undisclosed sources. The Tribunal deemed the assessment order on the defunct company invalid, criticized the arbitrary enhancement of income, acknowledged procedural lapses in re-assessment proceedings, and noted the lack of justification for treating the transaction as bogus. The appeal was allowed for statistical purposes, emphasizing the importance of proper assessment procedures and adherence to legal principles. en-us Fri, 08 Jul 2016 00:00:00 +0530 Thu, 14 Jul 2016 11:41:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329980 The Tribunal allowed the appeal on the grounds of jurisdiction over a defunct company, enhancement of income without valid reasons, invalid re-assessment proceedings lacking proper justification, and disputed income inclusion from undisclosed sources. The Tribunal deemed the assessment order on the defunct company invalid, criticized the arbitrary enhancement of income, acknowledged procedural lapses in re-assessment proceedings, and noted the lack of justification for treating the transaction as bogus. The appeal was allowed for statistical purposes, emphasizing the importance of proper assessment procedures and adherence to legal principles. Case-Laws Income Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329980