https://www.taxtmi.com/caselaws?id=397040 The Tribunal dismissed the Revenue's application to recall the impugned order, upholding its decision based on documentary evidence presented by the assessee as a power of attorney holder in the land sale transactions. The Tribunal emphasized the Assessing Officer's failure to investigate the original landowners despite issuing summons, leading to the deletion of the addition in the assessee's hands. It concluded that the decision was based on existing facts and records, and could not be reversed without significant new evidence, in line with the limited scope of Section 254(2) of the Act. en-us Tue, 07 Jul 2020 00:00:00 +0530 Fri, 31 Jul 2020 15:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397040 The Tribunal dismissed the Revenue's application to recall the impugned order, upholding its decision based on documentary evidence presented by the assessee as a power of attorney holder in the land sale transactions. The Tribunal emphasized the Assessing Officer's failure to investigate the original landowners despite issuing summons, leading to the deletion of the addition in the assessee's hands. It concluded that the decision was based on existing facts and records, and could not be reversed without significant new evidence, in line with the limited scope of Section 254(2) of the Act. Case-Laws Income Tax Tue, 07 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397040