https://www.taxtmi.com/caselaws?id=441473 The ITAT Mumbai held that the assessment proceedings under section 147 of the Income Tax Act were validly initiated, not void ab initio, as the CIT(A) had determined. The case was restored to the file of the CIT(A) for fresh adjudication on both jurisdiction under section 147 and the merits of the additions made by the AO regarding unexplained cash credit and commission expenses. The Revenue's appeal was allowed for statistical purposes. en-us Mon, 07 Aug 2023 00:00:00 +0530 Wed, 09 Aug 2023 07:35:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441473 The ITAT Mumbai held that the assessment proceedings under section 147 of the Income Tax Act were validly initiated, not void ab initio, as the CIT(A) had determined. The case was restored to the file of the CIT(A) for fresh adjudication on both jurisdiction under section 147 and the merits of the additions made by the AO regarding unexplained cash credit and commission expenses. The Revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 07 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441473