https://www.taxtmi.com/caselaws?id=428551 The ITAT Mumbai condoned a 39-day delay in filing the appeal, admitting it based on explanations provided. The appeal challenged the order under Section 263 of the Income Tax Act, asserting the original assessment order's legality and service. The Principal Commissioner set aside the assessment order due to discrepancies in flat sales, directing a fresh assessment. The ITAT upheld this decision, noting the Assessing Officer's failure to verify Section 43CA applicability. Despite submissions and evidence, the appeal was dismissed for lack of verification, affirming the need for thorough assessment verification. en-us Mon, 26 Sep 2022 00:00:00 +0530 Tue, 04 Oct 2022 08:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428551 The ITAT Mumbai condoned a 39-day delay in filing the appeal, admitting it based on explanations provided. The appeal challenged the order under Section 263 of the Income Tax Act, asserting the original assessment order's legality and service. The Principal Commissioner set aside the assessment order due to discrepancies in flat sales, directing a fresh assessment. The ITAT upheld this decision, noting the Assessing Officer's failure to verify Section 43CA applicability. Despite submissions and evidence, the appeal was dismissed for lack of verification, affirming the need for thorough assessment verification. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428551