https://www.taxtmi.com/caselaws?id=414722 The Tribunal ruled in favor of the assessee, a foreign company, in a tax dispute involving discrepancies in income declared in the return and Form 26AS. It held that the reasons provided for the mismatch, including conversion rates, reimbursements, and reversals, were valid and did not render the return defective under Section 139(9) of the Income-tax Act, 1961. The Tribunal also allowed the appeal on the appealability of the order under Section 139(9) and emphasized the need for a fair hearing and consideration of legitimate claims, remitting the matter for further assessment. en-us Fri, 05 Nov 2021 00:00:00 +0530 Thu, 30 Dec 2021 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414722 The Tribunal ruled in favor of the assessee, a foreign company, in a tax dispute involving discrepancies in income declared in the return and Form 26AS. It held that the reasons provided for the mismatch, including conversion rates, reimbursements, and reversals, were valid and did not render the return defective under Section 139(9) of the Income-tax Act, 1961. The Tribunal also allowed the appeal on the appealability of the order under Section 139(9) and emphasized the need for a fair hearing and consideration of legitimate claims, remitting the matter for further assessment. Case-Laws Income Tax Fri, 05 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414722