https://www.taxtmi.com/caselaws?id=403402 The Tribunal upheld the Revenue's position on the limitation period for completing assessment under Section 158BC, finding the assessment order within the time limit. The Tribunal dismissed the claim of non-opportunity of hearing by CIT(A) as the assessee had been given a full opportunity. Various additions made by the Assessing Officer were upheld due to lack of evidence or explanation provided by the assessee. The Revenue's appeal was dismissed based on low tax effect, and the cross objection by the assessee was also dismissed. The Tribunal upheld the revenue authorities' decisions on all issues, resulting in the dismissal of both appeals. en-us Mon, 25 Jan 2021 00:00:00 +0530 Thu, 28 Jan 2021 10:53:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403402 The Tribunal upheld the Revenue's position on the limitation period for completing assessment under Section 158BC, finding the assessment order within the time limit. The Tribunal dismissed the claim of non-opportunity of hearing by CIT(A) as the assessee had been given a full opportunity. Various additions made by the Assessing Officer were upheld due to lack of evidence or explanation provided by the assessee. The Revenue's appeal was dismissed based on low tax effect, and the cross objection by the assessee was also dismissed. The Tribunal upheld the revenue authorities' decisions on all issues, resulting in the dismissal of both appeals. Case-Laws Income Tax Mon, 25 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403402