https://www.taxtmi.com/caselaws?id=357754 The Tribunal partly allowed the Assessee's appeal, emphasizing correct factual appreciation, consistency in accounting methods, and the necessity for proper verification in tax assessments. The delay in filing the appeal was condoned due to valid reasons. The addition of Rs. 2.36 crores to the Assessee's income was found to have discrepancies in the AO's approach, leading to a direction for fresh adjudication. The variation in sale prices resulting in an addition of Rs. 1,59,22,968 was also remanded for re-examination, stressing the need for a fresh decision based on specific cases. en-us Mon, 12 Mar 2018 00:00:00 +0530 Thu, 29 Mar 2018 11:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357754 The Tribunal partly allowed the Assessee's appeal, emphasizing correct factual appreciation, consistency in accounting methods, and the necessity for proper verification in tax assessments. The delay in filing the appeal was condoned due to valid reasons. The addition of Rs. 2.36 crores to the Assessee's income was found to have discrepancies in the AO's approach, leading to a direction for fresh adjudication. The variation in sale prices resulting in an addition of Rs. 1,59,22,968 was also remanded for re-examination, stressing the need for a fresh decision based on specific cases. Case-Laws Income Tax Mon, 12 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357754