https://www.taxtmi.com/caselaws?id=400415 The tribunal condoned a one-day delay in filing the Revenue's appeal, allowing the case to proceed. It upheld the CIT(A)'s decision to quash the Assessing Officer's action of initiating proceedings under sections 148 and 147 of the Income Tax Act, as there was no failure by the assessee to disclose material facts. The tribunal also supported the deletion of unexplained cash credits and commission, finding the reassessment not in accordance with the law. The assessee's cross objection was dismissed as the tribunal upheld the CIT(A)'s decision. en-us Wed, 21 Oct 2020 00:00:00 +0530 Fri, 06 Nov 2020 09:48:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400415 The tribunal condoned a one-day delay in filing the Revenue's appeal, allowing the case to proceed. It upheld the CIT(A)'s decision to quash the Assessing Officer's action of initiating proceedings under sections 148 and 147 of the Income Tax Act, as there was no failure by the assessee to disclose material facts. The tribunal also supported the deletion of unexplained cash credits and commission, finding the reassessment not in accordance with the law. The assessee's cross objection was dismissed as the tribunal upheld the CIT(A)'s decision. Case-Laws Income Tax Wed, 21 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400415