https://www.taxtmi.com/caselaws?id=436220 The Court allowed the application for condonation of delay in filing the appeal under Section 260A of the Income Tax Act. The Tribunal found in favor of the assessee on substantial questions of law raised by the revenue, regarding the computation of net profit, set off of book profit against book loss, and the jurisdiction of the Assessing Officer under Section 154. The Assessing Officer's attempt to revise the entire assessment was deemed unjustified, leading to the dismissal of the appeal. en-us Fri, 31 Mar 2023 00:00:00 +0530 Fri, 07 Apr 2023 08:44:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436220 The Court allowed the application for condonation of delay in filing the appeal under Section 260A of the Income Tax Act. The Tribunal found in favor of the assessee on substantial questions of law raised by the revenue, regarding the computation of net profit, set off of book profit against book loss, and the jurisdiction of the Assessing Officer under Section 154. The Assessing Officer's attempt to revise the entire assessment was deemed unjustified, leading to the dismissal of the appeal. Case-Laws Income Tax Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436220