https://www.taxtmi.com/caselaws?id=352311 The tribunal upheld the Ld. Commissioner of Income Tax's exercise of revisional jurisdiction under section 263, dismissing the assessee's appeal. Additionally, the tribunal affirmed the relief granted to the assessee in the consequential order passed under section 143, dismissing the revenue's appeal. The original assessment was deemed erroneous due to unreported cash payments, leading to the direction for a fresh assessment. The additions made to the assessee's income were found unjustified as they lacked substantial evidence, resulting in their deletion. en-us Fri, 08 Dec 2017 00:00:00 +0530 Tue, 12 Dec 2017 09:35:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352311 The tribunal upheld the Ld. Commissioner of Income Tax's exercise of revisional jurisdiction under section 263, dismissing the assessee's appeal. Additionally, the tribunal affirmed the relief granted to the assessee in the consequential order passed under section 143, dismissing the revenue's appeal. The original assessment was deemed erroneous due to unreported cash payments, leading to the direction for a fresh assessment. The additions made to the assessee's income were found unjustified as they lacked substantial evidence, resulting in their deletion. Case-Laws Income Tax Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352311