https://www.taxtmi.com/caselaws?id=308624 The tribunal dismissed the appellant's appeal against the Commissioner's order under section 263 of the Income Tax Act, 1961 for the assessment year 2007-08. The delay in filing the appeal was condoned due to the appellant's illness, with no objections from the Revenue side. Despite the appellant's absence and subsequent passing, the legal heir(s) sought adjournments based on a pending writ petition. The Commissioner's revision was upheld as the tribunal found the earlier assessment erroneous regarding short-term capital gains. Consequently, the appeal was dismissed, affirming the Commissioner's order. en-us Fri, 22 Nov 2019 00:00:00 +0530 Mon, 10 Jul 2023 07:55:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308624 The tribunal dismissed the appellant's appeal against the Commissioner's order under section 263 of the Income Tax Act, 1961 for the assessment year 2007-08. The delay in filing the appeal was condoned due to the appellant's illness, with no objections from the Revenue side. Despite the appellant's absence and subsequent passing, the legal heir(s) sought adjournments based on a pending writ petition. The Commissioner's revision was upheld as the tribunal found the earlier assessment erroneous regarding short-term capital gains. Consequently, the appeal was dismissed, affirming the Commissioner's order. Case-Laws Income Tax Fri, 22 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308624