https://www.taxtmi.com/caselaws?id=403720 The ITAT dismissed the revenue's application to recall its order on the assessee's case concerning unexplained cash receipts. The Tribunal had previously directed the AO to delete an addition of Rs. 8.70 crores, based on a gross profit analysis. The revenue's request for rectification was rejected as it did not meet the criteria under Section 254(2) of the Act. The ITAT clarified that the assessee's cross objection was allowed, and the Tribunal's decision was final, dismissing both the revenue's appeal and the assessee's cross objection. The Miscellaneous Application of the Revenue was dismissed on 11/12/2020. en-us Fri, 11 Dec 2020 00:00:00 +0530 Tue, 29 Oct 2024 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403720 The ITAT dismissed the revenue's application to recall its order on the assessee's case concerning unexplained cash receipts. The Tribunal had previously directed the AO to delete an addition of Rs. 8.70 crores, based on a gross profit analysis. The revenue's request for rectification was rejected as it did not meet the criteria under Section 254(2) of the Act. The ITAT clarified that the assessee's cross objection was allowed, and the Tribunal's decision was final, dismissing both the revenue's appeal and the assessee's cross objection. The Miscellaneous Application of the Revenue was dismissed on 11/12/2020. Case-Laws Income Tax Fri, 11 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403720