https://www.taxtmi.com/caselaws?id=415736 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the addition of Rs. 10,39,66,491/- under Section 68 of the Income Tax Act, 1961. The Tribunal found that the revised return filed by the assessee was valid and within the time allowed, thus justifying the deletion of the addition. Additionally, the Tribunal noted compliance with the relevant provisions of the Income Tax Act and Rules, dismissing the Revenue's appeal. The order was pronounced on November 15, 2021, confirming the CIT(A)'s decision. en-us Mon, 15 Nov 2021 00:00:00 +0530 Mon, 13 Dec 2021 08:36:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415736 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the addition of Rs. 10,39,66,491/- under Section 68 of the Income Tax Act, 1961. The Tribunal found that the revised return filed by the assessee was valid and within the time allowed, thus justifying the deletion of the addition. Additionally, the Tribunal noted compliance with the relevant provisions of the Income Tax Act and Rules, dismissing the Revenue's appeal. The order was pronounced on November 15, 2021, confirming the CIT(A)'s decision. Case-Laws Income Tax Mon, 15 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415736