https://www.taxtmi.com/caselaws?id=440594 The Tribunal admitted the additional jurisdictional ground raised by SGCPL, determining it as a pure question of law. It found the AO's reasons for invoking Sections 147/148 of the Income Tax Act flawed due to reliance on outdated provisions and lack of specific material evidence. The Tribunal concluded the AO acted mechanically without independent analysis. Consequently, the Tribunal ruled in favor of the respondent/assessee, SGCPL, and against the appellant/revenue, dismissing the appeal with no order as to costs. en-us Tue, 18 Jul 2023 00:00:00 +0530 Fri, 25 Oct 2024 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440594 The Tribunal admitted the additional jurisdictional ground raised by SGCPL, determining it as a pure question of law. It found the AO's reasons for invoking Sections 147/148 of the Income Tax Act flawed due to reliance on outdated provisions and lack of specific material evidence. The Tribunal concluded the AO acted mechanically without independent analysis. Consequently, the Tribunal ruled in favor of the respondent/assessee, SGCPL, and against the appellant/revenue, dismissing the appeal with no order as to costs. Case-Laws Income Tax Tue, 18 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440594