https://www.taxtmi.com/caselaws?id=439145 The Tribunal held that the Commissioner of Income Tax (Appeals) lacked the authority to convert an addition made under section 69 to section 69C. As a result, the Tribunal allowed the assessee's appeal, directing the deletion of the addition made under section 69C. Other grounds raised by the assessee challenging the actions of the Assessing Officer were not addressed as they became irrelevant following the ruling on the conversion issue. The appeal was partly allowed in favor of the assessee based on the incorrect conversion of the addition under section 69 to section 69C. en-us Tue, 14 Mar 2023 00:00:00 +0530 Sat, 17 Jun 2023 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439145 The Tribunal held that the Commissioner of Income Tax (Appeals) lacked the authority to convert an addition made under section 69 to section 69C. As a result, the Tribunal allowed the assessee's appeal, directing the deletion of the addition made under section 69C. Other grounds raised by the assessee challenging the actions of the Assessing Officer were not addressed as they became irrelevant following the ruling on the conversion issue. The appeal was partly allowed in favor of the assessee based on the incorrect conversion of the addition under section 69 to section 69C. Case-Laws Income Tax Tue, 14 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439145