https://www.taxtmi.com/caselaws?id=392126 The Appellate Tribunal upheld the CIT(A)'s decision in a case involving delay in filing the appeal by the Revenue, justification of assessment under section 153C, interpretation of the limitation period for issuing notice under section 153C, and admissibility of cross-objection by the assessee. The Tribunal condoned the delay in filing the appeal, ruled the assessment for the year 2010-11 as barred by limitation, based on the date of recording of satisfaction note, and allowed the cross-objection. The case underscored the importance of legal interpretations and precedents in tax assessment issues. en-us Wed, 12 Feb 2020 00:00:00 +0530 Thu, 13 Feb 2020 13:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392126 The Appellate Tribunal upheld the CIT(A)'s decision in a case involving delay in filing the appeal by the Revenue, justification of assessment under section 153C, interpretation of the limitation period for issuing notice under section 153C, and admissibility of cross-objection by the assessee. The Tribunal condoned the delay in filing the appeal, ruled the assessment for the year 2010-11 as barred by limitation, based on the date of recording of satisfaction note, and allowed the cross-objection. The case underscored the importance of legal interpretations and precedents in tax assessment issues. Case-Laws Income Tax Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392126