https://www.taxtmi.com/caselaws?id=309145 The Tribunal ruled in favor of the assessee, finding the appeal not time-barred due to a valid explanation for the delay. Additionally, the assessment order under Section 263 was deemed valid as the Assessing Officer had conducted necessary inquiries, considered relevant details, and addressed audit objections thoroughly. Consequently, the Tribunal quashed the revision order of CIT-8, Mumbai, and set aside the lower authorities' orders, ultimately allowing the assessee's appeal. en-us Tue, 20 Dec 2016 00:00:00 +0530 Sat, 12 Aug 2023 21:18:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309145 The Tribunal ruled in favor of the assessee, finding the appeal not time-barred due to a valid explanation for the delay. Additionally, the assessment order under Section 263 was deemed valid as the Assessing Officer had conducted necessary inquiries, considered relevant details, and addressed audit objections thoroughly. Consequently, the Tribunal quashed the revision order of CIT-8, Mumbai, and set aside the lower authorities' orders, ultimately allowing the assessee's appeal. Case-Laws Income Tax Tue, 20 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309145