https://www.taxtmi.com/caselaws?id=424840 The Tribunal deemed the notice issued under section 148 as time-barred and invalid, leading to the unsustainable addition of Rs.6,49,177. The Tribunal also found procedural irregularities in the assessment order and demand notice, ultimately deleting the unexplained cash credit additions of Rs. 8,97,200. Additionally, the Tribunal held the direction to initiate penalty proceedings as bad in law. Despite the appellant's concern about not receiving a hard copy of the order under section 250, the Tribunal primarily focused on the Assessing Officer's improper additions without assessing the reopened income, resulting in the appeal being allowed. en-us Thu, 07 Jul 2022 00:00:00 +0530 Sat, 09 Jul 2022 08:03:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424840 The Tribunal deemed the notice issued under section 148 as time-barred and invalid, leading to the unsustainable addition of Rs.6,49,177. The Tribunal also found procedural irregularities in the assessment order and demand notice, ultimately deleting the unexplained cash credit additions of Rs. 8,97,200. Additionally, the Tribunal held the direction to initiate penalty proceedings as bad in law. Despite the appellant's concern about not receiving a hard copy of the order under section 250, the Tribunal primarily focused on the Assessing Officer's improper additions without assessing the reopened income, resulting in the appeal being allowed. Case-Laws Income Tax Thu, 07 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424840