https://www.taxtmi.com/caselaws?id=438460 The appellant successfully challenged the re-assessment under section 147 of the Income Tax Act, arguing that it was invalid. The Assessing Officer's addition on account of the sale of property and as unexplained cash credit was deemed unjustified. The application of a special rate of tax was also contested. The Tribunal set aside the Assessing Officer's order, remanding the case for fresh consideration with all evidence and revised income computation. The appellant was granted a fair opportunity to present their case, and the appeal was allowed for statistical purposes. en-us Mon, 29 May 2023 00:00:00 +0530 Wed, 31 May 2023 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438460 The appellant successfully challenged the re-assessment under section 147 of the Income Tax Act, arguing that it was invalid. The Assessing Officer's addition on account of the sale of property and as unexplained cash credit was deemed unjustified. The application of a special rate of tax was also contested. The Tribunal set aside the Assessing Officer's order, remanding the case for fresh consideration with all evidence and revised income computation. The appellant was granted a fair opportunity to present their case, and the appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 29 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438460