https://www.taxtmi.com/caselaws?id=443153 The Tribunal allowed the appeal filed by the assessee concerning the condonation of delay and the revision of assessment by the Principal Commissioner of Income Tax for the assessment year 2017-18. The delay in filing the appeal was condoned due to reasonable grounds provided by the assessee. The PCIT's revision of the assessment was set aside, restoring the Assessing Officer's initial assessment. The Tribunal found the AO's assessment reasonable based on the explanations provided by the assessee regarding the differential cash deposits, ultimately ruling in favor of the assessee. en-us Fri, 14 Jul 2023 00:00:00 +0530 Mon, 18 Sep 2023 09:25:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443153 The Tribunal allowed the appeal filed by the assessee concerning the condonation of delay and the revision of assessment by the Principal Commissioner of Income Tax for the assessment year 2017-18. The delay in filing the appeal was condoned due to reasonable grounds provided by the assessee. The PCIT's revision of the assessment was set aside, restoring the Assessing Officer's initial assessment. The Tribunal found the AO's assessment reasonable based on the explanations provided by the assessee regarding the differential cash deposits, ultimately ruling in favor of the assessee. Case-Laws Income Tax Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443153