https://www.taxtmi.com/caselaws?id=436973 The Tribunal allowed the assessee's appeals for condonation of delay, citing substantial justice over technicality. The exparte assessment order was deemed invalid due to lack of opportunity for the defunct company to present its case. Although the Assessing Officer's jurisdiction was upheld, procedural flaws were noted. Unexplained credits were added, with the Tribunal directing reconsideration with proper evidence. Penalty proceedings were set aside pending reassessment outcome, with orders of the CIT(A) overturned for fresh adjudication, granting the assessee a chance to present its case. en-us Fri, 21 Apr 2023 00:00:00 +0530 Tue, 25 Apr 2023 08:43:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436973 The Tribunal allowed the assessee's appeals for condonation of delay, citing substantial justice over technicality. The exparte assessment order was deemed invalid due to lack of opportunity for the defunct company to present its case. Although the Assessing Officer's jurisdiction was upheld, procedural flaws were noted. Unexplained credits were added, with the Tribunal directing reconsideration with proper evidence. Penalty proceedings were set aside pending reassessment outcome, with orders of the CIT(A) overturned for fresh adjudication, granting the assessee a chance to present its case. Case-Laws Income Tax Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436973