https://www.taxtmi.com/caselaws?id=291121 The Tribunal acknowledged errors in its initial order regarding the initiation of reassessment proceedings, confirmation of the assessment order, rejection of books of accounts, addition of alleged bogus purchases, disallowance of unsecured loans, disallowance of commission/brokerage, disallowance of expenses attributed for exempt income, charging of interest, and initiation of penalty proceedings. The Tribunal agreed to rectify these mistakes under section 254(2) of the I.T. Act, 1961, recalling the order and allowing the miscellaneous applications filed by the assessee. en-us Mon, 09 Dec 2019 00:00:00 +0530 Wed, 28 Oct 2020 19:21:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291121 The Tribunal acknowledged errors in its initial order regarding the initiation of reassessment proceedings, confirmation of the assessment order, rejection of books of accounts, addition of alleged bogus purchases, disallowance of unsecured loans, disallowance of commission/brokerage, disallowance of expenses attributed for exempt income, charging of interest, and initiation of penalty proceedings. The Tribunal agreed to rectify these mistakes under section 254(2) of the I.T. Act, 1961, recalling the order and allowing the miscellaneous applications filed by the assessee. Case-Laws Income Tax Mon, 09 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291121