https://www.taxtmi.com/caselaws?id=397645 The Tribunal condoned the delay in filing the appeal due to valid reasons and admitted it for adjudication. Regarding the assessment of deemed turnover, the Tribunal found the CIT's treatment erroneous and directed a reevaluation by the Assessing Officer. The Tribunal also noted premature decision-making by the CIT under section 263 of the IT Act and remitted the issue for fair assessment by the Assessing Officer. The appeal was partly allowed for statistical purposes, emphasizing the importance of proper evaluation of evidence in tax-related determinations. en-us Thu, 12 Mar 2020 00:00:00 +0530 Tue, 25 Aug 2020 17:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397645 The Tribunal condoned the delay in filing the appeal due to valid reasons and admitted it for adjudication. Regarding the assessment of deemed turnover, the Tribunal found the CIT's treatment erroneous and directed a reevaluation by the Assessing Officer. The Tribunal also noted premature decision-making by the CIT under section 263 of the IT Act and remitted the issue for fair assessment by the Assessing Officer. The appeal was partly allowed for statistical purposes, emphasizing the importance of proper evaluation of evidence in tax-related determinations. Case-Laws Income Tax Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397645