https://www.taxtmi.com/caselaws?id=10220 The court ruled in favor of the assessee, holding that the appeal was maintainable despite the submission of a fresh memorandum beyond the limitation period. The court allowed the amended memorandum to relate back to the original filing date. Additionally, the court found that the deemed concealment of income amounting to Rs. 77,707 was not established, as it was deemed a complex accounting issue rather than intentional concealment. The court accepted the assessee's explanation and rejected the Revenue's arguments, ultimately ruling in favor of the assessee on both issues. en-us Mon, 04 Oct 2004 00:00:00 +0530 Fri, 10 Jul 2009 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10220 The court ruled in favor of the assessee, holding that the appeal was maintainable despite the submission of a fresh memorandum beyond the limitation period. The court allowed the amended memorandum to relate back to the original filing date. Additionally, the court found that the deemed concealment of income amounting to Rs. 77,707 was not established, as it was deemed a complex accounting issue rather than intentional concealment. The court accepted the assessee's explanation and rejected the Revenue's arguments, ultimately ruling in favor of the assessee on both issues. Case-Laws Income Tax Mon, 04 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10220