https://www.taxtmi.com/caselaws?id=356874 The Tribunal reversed the decision, absolving the assessee of default status. The Tribunal considered the rectification of PAN mismatch and payment of due taxes, concluding that subsequent events must be evaluated. As the demand was reduced to Rs. 2,460 and taxes were paid, the assessee was not treated as an assessee in default, cancelling the initial demand of Rs. 4,17,508. The Tribunal emphasized the importance of considering post-proceeding events to provide meaningful relief to the assessee, ultimately allowing the appeal and reducing the demand. en-us Wed, 11 Oct 2017 00:00:00 +0530 Wed, 14 Mar 2018 06:51:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356874 The Tribunal reversed the decision, absolving the assessee of default status. The Tribunal considered the rectification of PAN mismatch and payment of due taxes, concluding that subsequent events must be evaluated. As the demand was reduced to Rs. 2,460 and taxes were paid, the assessee was not treated as an assessee in default, cancelling the initial demand of Rs. 4,17,508. The Tribunal emphasized the importance of considering post-proceeding events to provide meaningful relief to the assessee, ultimately allowing the appeal and reducing the demand. Case-Laws Income Tax Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356874