https://www.taxtmi.com/caselaws?id=304969 The Tribunal granted condonation of delay in filing appeals for M/s. GVK Enterprises, allowing their appeal for hearing. It upheld the CIT(A)'s findings quashing section 153C proceedings due to lack of incriminating material. The Tribunal ruled in favor of the assessee regarding the validity of returns filed under the Income Declaration Scheme, rejecting the Revenue's belated filing argument. It found no merit in the Revenue's claim of undisclosed income related to a bank account opened after the relevant assessment years. The Tribunal dismissed all appeals, both by the Revenue and the assessee, on 21st December 2021. en-us Tue, 21 Dec 2021 00:00:00 +0530 Wed, 09 Nov 2022 08:00:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304969 The Tribunal granted condonation of delay in filing appeals for M/s. GVK Enterprises, allowing their appeal for hearing. It upheld the CIT(A)'s findings quashing section 153C proceedings due to lack of incriminating material. The Tribunal ruled in favor of the assessee regarding the validity of returns filed under the Income Declaration Scheme, rejecting the Revenue's belated filing argument. It found no merit in the Revenue's claim of undisclosed income related to a bank account opened after the relevant assessment years. The Tribunal dismissed all appeals, both by the Revenue and the assessee, on 21st December 2021. Case-Laws Income Tax Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304969