https://www.taxtmi.com/caselaws?id=301919 The High Court dismissed the Revenue's appeals challenging orders under Section 260A of the Income Tax Act, 1961 for the assessment year 2011-12. The court addressed substantial legal issues concerning the initiation of proceedings under Section 153A, acceptance of audited tally statements, reliance on SLP dismissal, and the effect of such dismissal. The respondents' declaration under the Vivad Se Vishwas Scheme was pending, leading to directions for prompt processing and granting assessees liberty to restore appeals based on the declaration's outcome. The tax case appeals were disposed of with liberty for restoration, and no costs were awarded. en-us Mon, 25 Jan 2021 00:00:00 +0530 Tue, 26 Apr 2022 20:32:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301919 The High Court dismissed the Revenue's appeals challenging orders under Section 260A of the Income Tax Act, 1961 for the assessment year 2011-12. The court addressed substantial legal issues concerning the initiation of proceedings under Section 153A, acceptance of audited tally statements, reliance on SLP dismissal, and the effect of such dismissal. The respondents' declaration under the Vivad Se Vishwas Scheme was pending, leading to directions for prompt processing and granting assessees liberty to restore appeals based on the declaration's outcome. The tax case appeals were disposed of with liberty for restoration, and no costs were awarded. Case-Laws Income Tax Mon, 25 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301919