https://www.taxtmi.com/caselaws?id=424561 The Tribunal allowed the appeal, quashing the revisionary proceedings under Section 263 of the Income Tax Act. The delay in filing the appeal was condoned due to the assessee's health issues and the failure of their chartered accountant. The Tribunal found the revisionary proceedings lacked merit as the assessment was not deemed erroneous or prejudicial to revenue. The Tribunal emphasized the importance of substantial justice and ruled in favor of the assessee, highlighting the need to prioritize fairness over technicalities. en-us Thu, 30 Jun 2022 00:00:00 +0530 Mon, 04 Jul 2022 09:08:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424561 The Tribunal allowed the appeal, quashing the revisionary proceedings under Section 263 of the Income Tax Act. The delay in filing the appeal was condoned due to the assessee's health issues and the failure of their chartered accountant. The Tribunal found the revisionary proceedings lacked merit as the assessment was not deemed erroneous or prejudicial to revenue. The Tribunal emphasized the importance of substantial justice and ruled in favor of the assessee, highlighting the need to prioritize fairness over technicalities. Case-Laws Income Tax Thu, 30 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424561