https://www.taxtmi.com/caselaws?id=393928 The Tribunal upheld the Ld. CIT's invocation of powers under section 263 of the Income Tax Act, directing a re-examination of financial irregularities including diversion of funds and falsification of accounts. The appeal in ITA No. 746/Hyd/2012 was dismissed, while the appeal in WTA No.01/Hyd/2012 was allowed, leading to the quashing of the Ld. CWT's order under section 25 of the Wealth Tax Act. en-us Mon, 09 Mar 2020 00:00:00 +0530 Wed, 25 Mar 2020 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393928 The Tribunal upheld the Ld. CIT's invocation of powers under section 263 of the Income Tax Act, directing a re-examination of financial irregularities including diversion of funds and falsification of accounts. The appeal in ITA No. 746/Hyd/2012 was dismissed, while the appeal in WTA No.01/Hyd/2012 was allowed, leading to the quashing of the Ld. CWT's order under section 25 of the Wealth Tax Act. Case-Laws Income Tax Mon, 09 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393928