https://www.taxtmi.com/caselaws?id=427340 The Tribunal dismissed the appeal, upholding the Principal Commissioner's decision to invoke jurisdiction under Section 263 and set aside the assessment order due to the decrease in stock value without corresponding sales. The Tribunal found the delay in filing the appeal justified and admitted it for adjudication, emphasizing the importance of providing complete evidence to support claims during assessment proceedings. en-us Thu, 04 Aug 2022 00:00:00 +0530 Wed, 07 Sep 2022 06:46:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427340 The Tribunal dismissed the appeal, upholding the Principal Commissioner's decision to invoke jurisdiction under Section 263 and set aside the assessment order due to the decrease in stock value without corresponding sales. The Tribunal found the delay in filing the appeal justified and admitted it for adjudication, emphasizing the importance of providing complete evidence to support claims during assessment proceedings. Case-Laws Income Tax Thu, 04 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427340