https://www.taxtmi.com/caselaws?id=298437 The Revenue's appeal against the ITAT order in ITA No. 246/Hyd/2015 was annulled due to mistakes apparent from the record, including improper initiation of proceedings u/s. 147. The ITAT clarified that findings in other cases were observations, not directions, leading to the annulment of the assessment order. Assessment proceedings were deemed null and void due to procedural irregularities. The application for amending the ITAT order based on mistakes was dismissed, emphasizing the need to challenge decisions through higher forums. The ITAT affirmed its decision without cost implications, highlighting limitations on its own order review jurisdiction. en-us Fri, 04 Mar 2016 00:00:00 +0530 Tue, 02 Nov 2021 09:26:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298437 The Revenue's appeal against the ITAT order in ITA No. 246/Hyd/2015 was annulled due to mistakes apparent from the record, including improper initiation of proceedings u/s. 147. The ITAT clarified that findings in other cases were observations, not directions, leading to the annulment of the assessment order. Assessment proceedings were deemed null and void due to procedural irregularities. The application for amending the ITAT order based on mistakes was dismissed, emphasizing the need to challenge decisions through higher forums. The ITAT affirmed its decision without cost implications, highlighting limitations on its own order review jurisdiction. Case-Laws Income Tax Fri, 04 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298437