https://www.taxtmi.com/caselaws?id=395341 The Tribunal granted condonation of delay for the appeal, accepting the misplacement of papers as a valid reason beyond the assessee's control. On the merits, the Tribunal ruled in favor of the assessee, directing the Assessing Officer to reduce only the actual sale proceeds from the written down value of assets, in line with Section 43(6)(c) of the Income Tax Act. The appeal was allowed, and the tax liability was adjusted accordingly. en-us Wed, 11 Mar 2020 00:00:00 +0530 Mon, 30 Nov 2020 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395341 The Tribunal granted condonation of delay for the appeal, accepting the misplacement of papers as a valid reason beyond the assessee's control. On the merits, the Tribunal ruled in favor of the assessee, directing the Assessing Officer to reduce only the actual sale proceeds from the written down value of assets, in line with Section 43(6)(c) of the Income Tax Act. The appeal was allowed, and the tax liability was adjusted accordingly. Case-Laws Income Tax Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395341