https://www.taxtmi.com/caselaws?id=200414 The case involved a dispute over the recalling of an order by the ITAT Jaipur Bench regarding the estimation of income from bogus purchases. The Tribunal set aside the assessment for fresh consideration pending a related High Court judgment. The revenue argued against the indefinite delay, citing Section 153(2A) of the IT Act requiring timely assessments. The Tribunal's failure to initially consider this provision led to the decision to recall the order. The case emphasized the importance of adhering to statutory provisions in assessments and the need for procedural compliance in tax matters. en-us Wed, 11 Jan 2017 00:00:00 +0530 Wed, 28 Mar 2018 08:07:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200414 The case involved a dispute over the recalling of an order by the ITAT Jaipur Bench regarding the estimation of income from bogus purchases. The Tribunal set aside the assessment for fresh consideration pending a related High Court judgment. The revenue argued against the indefinite delay, citing Section 153(2A) of the IT Act requiring timely assessments. The Tribunal's failure to initially consider this provision led to the decision to recall the order. The case emphasized the importance of adhering to statutory provisions in assessments and the need for procedural compliance in tax matters. Case-Laws Income Tax Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200414